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Cinci Explores Incentives for Tire Discounters Move

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The Cincinnati City Council’s budget and finance committee approved a job creation tax credit for Tire Discounters’ planned move to downtown, according to Cincinatti.com.

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According to media, the agreement allows Tire Discounters to recoup half of the new income tax revenue on the new Cincinnati jobs, estimated to be around about $247,449 over six years. Under the agreement Tire Discounters must remain in the city for 10 years.

The incentive agreement is subject to City Council vote.

In May, Tire Discounters announced it would move its headquarters from nearby Sharonville, Ohio, to Cincinnati. The company plans to keep some business functions and its distribution center in Sharonville.

 

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