Local Banks- Century National Bank, Community Bank, North Valley and Peoples provide funding for the purchase and renovations of downtown properties.
OHIO PACE enables commercial property owners to finance up to 100% of energy efficiency improvements. Financing is provided by private Capital Providers at competitive rates with some repayment terms up to 25 years.
This CRA is a mechanism different than a banks “CRA”. This is a property tax “freeze” mechanism.
A TIF like mechanism enabled by the State of Ohio in 2017. Downtown Zanesville currently has one established DRD with the second and possibly third district being created.