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.

What this record is

Held by

VGP Holdings LLC

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

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.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Housing & Growth

Requested by

Housing & Growth

Introduced

September 4, 2026

On agenda

September 16, 2026

Passed

September 16, 2026

Enacted

September 16, 2026

Enactment no.

0329-2026

Where it was heard

Cincinnati City Council Sep 16, 2026 Passed Emergency Pass Cincinnati City Council Sep 16, 2026 Emergency clause to remain Pass Cincinnati City Council Sep 16, 2026 Suspension of the three readings Pass Housing & Growth Sep 15, 2026 Recommend Passage Cincinnati City Council Sep 10, 2026 Referred to Housing & Growth Committee

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