YBS: 2008 Butler County Fair
Your Butler community photos
Extreme Makeover: Home edition
Home > Blogs > Middletown News and Issues > Archives > 2008 > May > 05 > Entry
City reviewing tax incentives
One item that won’t be on Middletown City Council’s agenda on Tuesday, May 6, is a discussion about a possible enterprise zone tax abatement for the proposed SunCoke Energy cokemaking and electric generation plant project.
Council was originally slated to discuss a proposed agreement that would abate 75 percent of the project’s personal property taxes for 10 years.
In its enterprise zone application to the state, Charles Ellis, senior vice president of business development for SunCoke, said because there were “significant other options available to construct the project in Kentucky, it is critical that the company receive state and local incentives to allow the project to proceed in Ohio.”
Ellis also said the incentives “will help ensure that the project goes forward in Ohio, and will allow the project to meet its economic hurdle of return on the investment.”
Bill Murphy, Middletown’s economic development director, said companies routinely request information on incentives available from cities.
Murphy said the city needs to review its position about other possible incentives as SunCoke could become a major water user.
In addition, the electric generation portion of the plant will remain subject to the tangible personal property tax. Murphy said the city needs to do additional reviews of this issue to make sure any incentives offered makes sense for the community.
Permalink | Comments (0) | Post your comment | Categories: Middletown
Comments