Commercial Community Reinvestment Area (CRA) Tax Abatement Program |
The City of Cincinnati offers a Commercial Community Reinvestment Area (CRA) tax abatement program to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in cases where the new or renovated facilities will result in job creation. The Department of Community & Economic Development reviews applications and provides a recommendation to City Council for a tax exemption at a level supported by internal underwriting, City Ordinance and State Law. The program aims facilitate investment by lowering operating costs, reduce the need for direct construction subsidy, and aiding implementation of policy goals by providing larger incentives for certain kinds of development. For more information go to our Commercial CRA website: http://www.choosecincy.com/Economic-Development/Programs-Services/Incentives-Financing/Commercial-Reinvestment-Area.aspx.