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FINANCIAL_SERVICESRECOMMENDED

City Seeks to Extend Tax Credit for ThyssenKrupp

The City of Hamilton’s Economic Development Department recommends amending its Local Job Creation Tax Credit Agreement with ThyssenKrupp Bilstein of America to extend the 75% income tax credit term from eight to ten years. The amendment supports a project with 57 new jobs, retention of 661 jobs, and approximately $28.1 million in investment, primarily for new equipment at the existing Hamilton facility.

Document date · July 15, 2026

Issuing agencyTown of HamiltonVendorThyssenkrupp Bilstein of America

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Existing JCTC: 75% for 8 years (2022–2030); proposed extension to 10 years total
Renewal date
2032-12-31
Renewal
Original JCTC term was 8 years at 75% beginning with Tax Year 2022 and expiring after Tax Year 2030; proposed amendment would extend the credit term by 2 additional years to a total of 10 years. The underlying 2022 agreement includes job creation, payroll, and investment commitments and standard termination and reporting provisions.
Document type
Agenda
Source document
City of Hamilton Agenda 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Hamilton?

Thyssenkrupp Bilstein of America was awarded this financial services contract by Town of Hamilton, as recorded on July 15, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Hamilton Agenda 2026-07-15 (Agenda), dated July 15, 2026 from Town of Hamilton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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