The Office of Economic Development is charged with the mission of promoting the economic welfare and improving the economic opportunities for the people of Hamilton County. The amount of the tax exemption is negotiated on an individual project 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. Hill Norwood Loveland Reading Sharonville St. Bernard Springdale Woodlawn Anderson Twp. Upon application, the state may certify a business as eligible for this franchise tax credit for up to four consecutive years. Community Reinvestment Areas Improvements resulting in real property tax increases may be eligible for tax exemptions within designated Community Reinvestment Areas. Projects that may be eligible include small industrial facilities, local retail and service businesses and residential renovations or new construction.