Civic IQ
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.

Status
RECOMMENDED
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Thyssenkrupp Bilstein of America
Agency
Town of Hamilton · OH

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Derivita logo
Comcate 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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IANS Research logo

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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City of Hamilton Agenda 2026-07-15
AMENDED
Town of Hamilton, OhioLocal Job Creation Tax Credit at 75% of income tax revenue on qualifying jobs; total project investment approximately $28.1 millionJul 15, 2026
City of Hamilton Agenda 2026-07-15
RECOMMENDED
Town of Hamilton, Ohio75% local income tax credit on qualifying payroll; project investment approximately $28.1 millionJul 15, 2026
Butler County Board of Commissioners Meeting Agenda May 2024
APPROVED
Butler County, Ohionot to exceed $6,300.00May 30, 2024
Butler County Board of Commissioners Meeting Minutes May 2024
APPROVED
Butler County, OhioNot to exceed $6,300.00May 6, 2024
town-of-hamilton-meeting-agenda-february-9-2022_03f.pdf
pending
Town of Hamilton, OhioNAFeb 9, 2022

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.

What other contracts does Thyssenkrupp Bilstein of America hold?

Thyssenkrupp Bilstein of America may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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