City of Cincinnati - File #: 202602718

• File #: 202602718
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 9/4/2026
• In control: Housing & Growth
• On agenda: 9/16/2026
• Final action: 9/16/2026
• ORD/RES# date: 9/16/2026
• ORD/RES#: 0329-2026
• Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/10/2026, APPROVING AND AUTHORIZING the City Manager to execute a Job Creation Tax Credit Agreement with VGP Holdings LLC, d/b/a Valvoline Global Operations, pursuant to which the company will agree to create a minimum of 54 new jobs at 312 Elm Street in the Central Business District of Cincinnati, and the City will agree to provide an income tax credit to the company equal to forty percent of City income tax revenue created by such new jobs.
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
9/16/2026	1	Cincinnati City Council	Passed Emergency	Pass
9/16/2026	1	Cincinnati City Council	Emergency clause to remain	Pass
9/16/2026	1	Cincinnati City Council	Suspension of the three readings	Pass
9/15/2026	1	Housing & Growth	Recommend Passage
9/10/2026	1	Cincinnati City Council	Referred to Housing & Growth Committee

title

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 9/10/2026, APPROVING AND AUTHORIZING the City Manager to execute a Job Creation Tax Credit Agreement with VGP Holdings LLC, d/b/a Valvoline Global Operations, pursuant to which the company will agree to create a minimum of 54 new jobs at 312 Elm Street in the Central Business District of Cincinnati, and the City will agree to provide an income tax credit to the company equal to forty percent of City income tax revenue created by such new jobs.

recommendation

PASS EMERGENCY