Warren County lays groundwork for CRA to draw “top companies”

Commissioners in Warren County voted to establish a tax abatement zone on large parcels of undeveloped land in order to help draw “top companies shopping for new places to bring expansions and quality jobs,” the Dayton Daily News reports. Commissioner Dave Young “expressed reluctance about setting up the community investment area [CRA]” before the vote but agreed “the county needed the economic development tool in its toolbox,” according to the article. Projects to bring industrial or commercial developments to the CRA along Interstate 75 between Cincinnati and Dayton could receive tax abatements “of up to 75 percent for 15 years” and would likely be offered in conjunction with a joint economic development district that would enable Turtlecreek Township to collect income tax.  For more, read the full article

Economic Development, Financial Incentives, State Updates