FINANCIAL_SERVICESAMENDED

City Considers Extended Tax Credit for ThyssenKrupp Expansion

Hamilton is being asked to amend its Local Job Creation Tax Credit Agreement with ThyssenKrupp Bilstein of America, extending the 75% income tax credit term from eight to ten years to support a $28.1 million expansion. The project will create 57 new jobs, retain 661 existing positions, and involve significant equipment investment at the Bilstein Boulevard facility.

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

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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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
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Local Job Creation Tax Credit at 75% of income tax revenue on qualifying jobs; total project investment approximately $28.1 million
Contract type
FINANCIAL_SERVICES
Contract term
Original term 8 years (2022–2030); proposed amendment to extend to 10 years
Renewal date
2032-12-31
Renewal
Original JCTC term was eight years starting with tax year 2022; proposed amendment adds two additional years for a total ten-year credit period tied to Ohio Revised Code 718.15 and the existing state tax credit. City Income Tax Credit may be carried forward up to five tax years but not beyond the tenth tax year.
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 Local Job Creation Tax Credit at 75% of income tax revenue on qualifying jobs; total 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 Local Job Creation Tax Credit at 75% of income tax revenue on qualifying jobs; total 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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