Local Incentives

HADCO maintains a $20 million loan pool to finance new business relocation. Based upon the type and number of new jobs to be created, the total capital investment for a project, and a review of the company's financial statements, the Huntington area can offer companies that establish new facilities the following types of incentives:

• Free land to build a new facility.
• “At cost” building construction and lease back.
• Buy down of lease cost on constructed facility.
• Financing of equipment and building.
• Free office space for a company’s key person during the project’s construction phase.
• Free office space for initial interviewing of applicants.
• Free rent during initial phase of lease on building.
• Temporary housing for a company’s key person during the project’s construction phase.
• Relocation grants based upon the type and number of new jobs to be created.
• Businesses locating within the Huntington-Ironton Federal Empowerment Zone (EZ) may be eligible for federal wage credits, increased expensing, and bond financing. More information on EZ incentives can be found at www.empowerwv-oh.org.

For more information on the above incentives, please contact HADCO at 304-525-1161 or hadco@hadco.org.