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.

What this record is

Held by

Prospiant, Inc

Runs until

April 18, 2033 7 years away date calculated from a contract term stated in the record, not quoted directly

Type

contract

Field

Public safety

public safety contracts in OH that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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Committee

Cincinnati City Council

Requested by

Budget and Finance Committee

Introduced

April 18, 2025

On agenda

April 30, 2025

Passed

April 30, 2025

Enacted

April 30, 2025

Enactment no.

0110-2025

Where it was heard

Cincinnati City Council Apr 30, 2025 Passed Emergency Pass Cincinnati City Council Apr 30, 2025 Emergency clause to remain Pass Cincinnati City Council Apr 30, 2025 Suspension of the three readings Pass Budget, Finance & Governance Committee Apr 28, 2025 Recommend Passage Emergency Cincinnati City Council Apr 23, 2025 Referred to Budget & Finance Committee

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