Overview:
Offered in conjunction with the State of Ohio, Job Creation Income Tax Credits are non-refundable income tax credits against the City’s municipal earnings tax.  The local JCTC is a credit against a company's net profits tax obligation. The state JCTC provides a credit against a company's Ohio commercial activity tax obligation.

How Does the JCTC work?
Suppose a company creates 100 new jobs averaging $20 per hour and the City of Cincinnati offers a 50% JCTC for 5 years:

 Which Projects Are Eligible?
  • At least 10 permanent, full-time equivalent employees paid wages of at least 200% of federal minimum wage and generating at least $660,000 in total annual payroll.  
 • The new jobs must be created within 3 years and maintained for twice the length of the agreement term.  
 • If the project involves an expansion or consolidation of an existing facility, the company must commit to retaining the current number of employees.
  • Existing jobs for intrastate relocation projects are ineligible. New retail projects and lower-paying service projects are also ineligible.
  • The company must demonstrate that it is economically sound and financially viable.
  • The project must not have started prior to approval by the City and the State.
  • Significant portions of the sales or revenues attributable to service projects must be generated from outside the state.
  • The company must demonstrate that the tax credit is a major factor in its decision to expand or locate in Cincinnati.

Links:
JCTC Fact Sheet
Financial Assistance Application
JCTC Annual Report- Attachment 1
JCTC Annual Report- Attachment 2
JCTC Annual Report- Attachment 3

Contact: 
Eric Denson, Senior community Development Analyst
Phone: (513) 352-4981
Fax: (513) 352-6257
eric.denson@cincinnati-oh.gov

*If the project site is located in the Central Business District, please contact the City Economic Development Division at www.choosecincy.com.