Currently, the new Lockland Commerce Park is the only local qualified and cleaned brownfield site. The Hamilton County Commissioners, with the approval of Lockland Village Council, may grant tax incentives to non-retail enterprises that agree to establish, expand, renovate, or occupy a facility within Lockland's enterprise zone and hire new employees, or preserve employment for existing employees. The amount of the tax exemption is negotiated on an individual basis and varies according to the size of the investment and the number of jobs created or retained.
Additional incentives are available for substantial environmental remediation.
An agreement must be in place before a project commences. Upon application, the state may certify a business as eligible for this franchise tax credit for up to four consecutive years. A state program provides incentives for people who voluntarily clean up property contaminated by hazardous substances and petroleum. Incentives include low interest loans for clean up costs and a 10- year tax exemption on the increase in real property value resulting from voluntary action. The Village may exempt development projects that participate in this program from increases in property taxes for up to 10 years.