Regional Incentives & Resources

Our Community Development team works closely with your team and regional organizations to identify opportunities to reduce development costs with the deployment of a variety of supportive programs.

AEP Ohio Economic Development Rate Stabilization Plan Grants

AEP Ohio’s Economic Development Rate Stabilization Plan grant program provides financial assistance to new and existing industries for expansion projects that create new jobs, retain existing jobs and generate new investment within their service territory. Eligibility is based on multiple factors including job creation, wages, capital investment and project location.

Columbus-Franklin County Finance Authority

Columbus-Franklin County Finance Authority facilitates capital investment by the private, nonprofit and public sectors in central Ohio. The Finance Authority is an eligible issuer of tax-exempt and taxable debt to the private, nonprofit and public sectors. Acting in partnership with traditional lending institutions and other public partners, the Finance Authority offers a variety of financing programs, including long-term financing in the form of revenue bonds and tax increment financing.

Heath-Newark-Licking County Port Authority

Heath-Newark-Licking County Port Authority partners to finance certain private, job-creating projects by issuing revenue bonds to meet community infrastructure needs. Revenue bond financing offers unique advantages that include sales tax savings on building materials and lower interest rates. Learn how L Brands utilized the program for Bath & Body Works’ investment in the New Albany International Business Park.

Community Capital Development Corporation

Through its network of lending partners, CCDC provides low down payments, competitive interest rates and long-term financing. CCDC offers direct loans for real estate, equipment, capital and inventory through the U.S. Small Business Administration 504 Loan Program.