Cincinnati Council's Budget and Finance Committee holds one of its last scheduled meetings Tuesday before a new mayor and council take office on December 1st. The group faces a busy agenda since many sessions in September and October were canceled.
The group is expected to approve several incentives packages that will bring new jobs and new housing to the city.
Cincinnati Council will likely approve a parking lease in a few weeks that will allow UC Physicians to bring about 40 new jobs to the city.
Bill Fisher with the city’s economic development division said the firm wants to consolidate all its administrative functions in one location. UC Physicians has a building at Madison and Victory Parkway.
Cincinnati is offering Pure Romance more than $850,000 in tax credits to move its company headquarters from Loveland to Downtown.
City Council will vote on the deal Wednesday.
In return the city will get nearly $3.4 million in payroll taxes during the 10 year deal. Pure Romance will bring 88 jobs to the old Delta building at the corner of Plum and Seventh Streets. That number will likely increase to 126 employees in about three years.
Interim Economic Development Director Jeff McElravy presented the details Tuesday to a Council committee.