Economic & Community Development

The Department of Economic and Community Development is committed to nurturing a business-friendly environment to fuel the growth of our community. Our location stands as one of the most coveted in greater Cleveland, strategically positioned near the Cuyahoga County Airport. With over 32 acres of greenfield land available adjacent to the airport and the Curtiss Wright Business Park providing contemporary office and industrial spaces, we offer prime opportunities for businesses to thrive.

In Richmond Heights, the expenses associated with conducting business are notably competitive and we provide various incentives to encourage businesses to establish or expand operations here. These incentives include our Enterprise Zone, Opportunity Zone, and Community Reinvestment Area programs.

Just 13 miles east of Cleveland, Richmond Heights is home to more than 10,000 residents. The city is bustling with activity, with more than 500 businesses in a wide range of industries. From cutting-edge technology companies to traditional mom-and-pop shops, there is no shortage of opportunities for entrepreneurs to thrive in Richmond Heights.

Whether you are looking to expand your business operations or just starting up, Richmond Heights has something for everyone. The business community is tight-knit and collaborative, making it easy to network, form partnerships, and find new growth opportunities.

The city is open for business opportunities. With a pro-business mindset and a commitment to fostering economic growth, the city is a prime location for businesses looking to thrive and succeed. 

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Enterprise Zone

The City's Enterprise Zone provides qualifying businesses with real and personal property tax abatement opportunities for manufacturing, warehousing, research, and development. Businesses that are in the Enterprise Zone and choose to take advantage of this program must agree to retain or create employment and establish, expand, renovate, or occupy a facility. Richmond Heights has locations available for development and/or expansion in the Enterprise Zone.

Opportunity Zone

The City’s Opportunity Zone provides investors with unrealized capital gains the mechanism to sell their appreciated assets and invest the proceeds into eligible business property in the designated Opportunity Zone census tract.  Capital gains taxes on the invested funds are deferred.  The deferred tax is partially forgiven when investments are held 5-7 years and when investments are held 10 years the capital tax on all earnings is excluded.

Community Reinvestment Area

The City's Community Reinvestment Area provides qualifying businesses and homeowners with real property tax abatement for residential, commercial, and industrial projects that take place within a Community Reinvestment zone.


Expand or Grow Your Commerical, Service or light Lustrial Business in Richmond Heights