File #: 202500826    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 4/18/2025 In control: Budget and Finance Committee
On agenda: 4/23/2025 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/23/2025, APPROVING AND AUTHORIZING the execution of a Job Creation Tax Credit Agreement with Prospiant, Inc., pursuant to which the company agrees to create 120 new jobs at 7108 Shona Drive in the Roselawn neighborhood of Cincinnati and, for a period of eight years, the City agrees to provide an income tax credit equal to forty percent of City income tax revenue from such new jobs.
Sponsors: City Manager
Attachments: 1. Transmittal, 2. Ordinance, 3. Attachment

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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/23/2025, APPROVING AND AUTHORIZING the execution of a Job Creation Tax Credit Agreement with Prospiant, Inc., pursuant to which the company agrees to create 120 new jobs at 7108 Shona Drive in the Roselawn neighborhood of Cincinnati and, for a period of eight years, the City agrees to provide an income tax credit equal to forty percent of City income tax revenue from such new jobs.

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BUDGET AND FINANCE COMMITTEE