Application Procedures

Application forms are available from the Economic Development Director.

Upon submittal of a completed application to the Economic Development Director, the applicant will be contacted to meet with the Tax Incentive Review Council.

A quorum is required for an application meeting.

Application Approval

Approval of an application is made by a simple majority. The approval of the application means that the applicant has met the preliminary terms of the grant and that an offer will be made to the applicant.

Offers will be made in writing to the applicant. The offer will be in the form of a percentage of the annual payroll withholding taxes generated from new employees to the City of Wadsworth and the length of the grant in years (see Grant Offer Guidelines). Upon the company's written acceptance of the offer, a legal agreement and accompanying legislation will be prepared for City Council's approval.

Application Fee

An application fee of $500, in the form of a check payable to the City of Wadsworth, shall be submitted prior to City Council's approval of the agreement.

Following Approval

The applicant may begin the project following City Council approval and execution of the agreement. Note that the project may still need building and zoning approval.