Port, Neyer Properties partner on former Dow Chemical site redevelopment

The Port of Greater Cincinnati Development Authority is partnering with Neyer Properties Inc., one of the largest commercial real estate developers in the region, “to redevelop the former Dow Chemical plant site in Reading for future manufacturing tenants,” the Cincinnati Business Courier reports. Neyer Properties “has pledged a roughly $30 million investment in the construction of up to 350,000 square feet of new manufacturing space,” according to the article. The Port and Neyer Properties “believe the property could be home to up to 400 high-paying jobs,” which the City of Reading and Port officials estimate could generate up to $28 million in wages. Neyer Properties and the Port are working with the city and Reading Community School District “to consider the use of tax increment financing and other incentives to support the development and attract users.” For more, read the full article.

Economic Development, Financial Incentives, State Updates