FINANCIAL_SERVICESRECOMMENDED

City Plans Extension of ThyssenKrupp Tax Credit

Hamilton’s Economic Development Department recommends extending the Local Job Creation Tax Credit Agreement with ThyssenKrupp Bilstein of America to a 10-year term at a 75% credit rate. The amendment supports an estimated $28.1 million investment, 57 new jobs, and retention of 661 positions at the company’s 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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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
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
75% local income tax credit on qualifying payroll; project investment approximately $28.1 million
Contract type
FINANCIAL_SERVICES
Contract term
Existing JCTC term extended from 8 years to 10 years (2022–2031)
Renewal date
2031-12-31
Renewal
Proposed amendment adds two years to the originally authorized eight-year JCTC term under Resolution No. R2022-1-4, making the total term ten years starting with Tax Year 2022.
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. The contract value is 75% local income tax credit on qualifying payroll; project investment approximately $28.1 million.

How much is the Thyssenkrupp Bilstein of America contract with Town of Hamilton worth?

The Thyssenkrupp Bilstein of America contract with Town of Hamilton is valued at 75% local income tax credit on qualifying payroll; project investment approximately $28.1 million, covering financial services work.

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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What is Town of Hamilton currently buying?

Explore Town of Hamilton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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