City Considers Extended Tax Credit for ThyssenKrupp Expansion | Town of Hamilton | THYSSENKRUPP BILSTEIN OF AMERICA

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

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.

View Thyssenkrupp Bilstein of America's profile

What is Town of Hamilton currently buying?

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