Economic Development Incentives for Businesses
Relocate, expand or invest in an AMP Member community and gain access to a skilled workforce, business-ready sites, strategic market access, and economic development incentives. Backed by reliable public power, competitive electric rates, and responsive local leadership, AMP communities help businesses reduce costs and accelerate growth. From industrial site selection and corporate relocation to manufacturing and commercial development, AMP Member communities offer the infrastructure and support companies need to succeed.
State Economic Development Incentive Programs for AMP Communities
The AMP Economic Development Program helps you take full advantage of the specific services and incentives available across our member footprint. Explore each state’s economic development resources:
Pennsylvania
Maryland
West Virginia
Incentives That Provide Business Advantages
Economic development incentives in AMP Member communities span five categories: tax and fiscal incentives, financing and capital programs, site and infrastructure incentives, workforce and training programs, and public power utility rate incentives. Programs vary by state and community, and eligibility depends on project type, employment level and capital investment. AMP’s economic development team can connect businesses with the right programs and the right contacts in local communities.
Tax Abatement and Tax Credit Programs
AMP Member communities across Delaware, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Virginia and West Virginia may offer access to a range of state and local economic development incentives, including property tax abatements, job creation and income tax credits, investment tax credits, and workforce training assistance programs. These business incentives can help reduce project costs, support capital investment, and accelerate business expansion, making AMP communities attractive locations for manufacturing, distribution and commercial development projects.
Job Creation and Retention Incentives
Business that locate in AMP Member communities may qualify for valuable job creation and retention incentives, including Ohio’s Job Creation Tax Credit (JCTC) and similar performance-based tax credit programs available in Indiana, Virginia, Pennsylvania and other states throughout AMP’s footprint. These incentives reward businesses for creating jobs, retaining employees, and making capital investments — helping reduce operating costs and support long-term growth.
Enterprise Zones and Opportunity Zones
Many of AMP’s Member communities have federally designated Opportunity Zones and state-designated Enterprise Zones, as well as other targeted investment programs that encourage business growth in designated development areas. These incentives can provide significant tax advantages for qualifying projects — helping businesses reduce investment costs, support job creation, and revitalize local communities.
Financing Programs
Many AMP Member communities offer financing and infrastructure assistance programs, such as Tax Increment Financing (TIF), low-interest business loans, revolving loan funds, and infrastructure grants that help offset development costs and prepare sites for investment. These tools can support investment in property improvements, utility extensions, public infrastructure upgrades, and job-creating projects — helping businesses bring new facilities online more quickly and effectively.
Public Power Utility Rate Incentives
Public power is a unique economic development advantage for AMP Member communities, providing businesses with competitive electric rates, long-term rate stability, and locally focused utility service. Unlike many locations, businesses in AMP communities may also benefit from flexible power solutions and strong utility partnerships that help reduce operating costs, support expansion, and improve investment certainty over the life of a project.
How AMP Helps Businesses Access Economic Development Incentives
AMP’s Economic Development Program helps businesses connect with the incentive programs, and development resources available throughout AMP Member communities and its nine-state footprint. Through site selection support, partnerships with state and local economic development organizations, and project-specific guidance, AMP helps companies identify opportunities that can reduce costs, accelerate timelines, and support long-term growth.
Frequently Asked Questions
What economic development incentives are available in AMP communities?
Businesses locating or expanding in AMP Member communities may qualify for a wide range of economic development incentives, including tax abatements, job creation tax credits, Opportunity Zone benefits, infrastructure grants, workforce training assistance, and low-interest financing programs. Combined with the advantages of public power, competitive electric rates, and business-ready infrastructure, these incentives help reduce project costs, accelerate development timelines, and support long-term business growth.
What is an economic development incentive?
An economic development incentive is a financial or regulatory benefit offered by a state, region, or local community to encourage businesses to locate, expand, invest, create jobs, or retain operations in a specific area.
How do I find out which incentives are available in a specific AMP community?
If you are interested in an AMP community, contact AMP’s Economic Development team to learn which incentives may be available for your project, including tax abatements, job creation credits, infrastructure assistance, workforce programs, financing opportunities, and public power utility advantages.
What state economic development incentive programs apply to AMP communities?
Incentives vary by community, project type, industry and investment level. AMP’s Economic Development Program works with state and local economic development organizations to help businesses identify available tax credits, abatements, grants, financing programs, workforce incentives, and utility-related advantages that may support a specific relocation or expansion project.
Are AMP economic development incentive services free?
Yes. AMP’s Economic Development Program is a Member program designed to support economic development efforts in AMP communities and assist businesses with evaluating locations within those communities. Our team helps companies evaluate sites, connect with local and state economic development partners, identify available incentives, and access the information needed to make informed location and expansion decisions.
Ready to Find Economic Development Incentives for Your Business?
AMP’s economic development team can identify the specific tax, financing, workforce, and utility incentives available at your target AMP Member community and connect you directly with local and state economic development contacts, at no cost to your business.