In addition to its quality residential neighborhoods, Symmes Township is a shopping hub for northern Hamilton and southern Warren counties. The Township also contains a thriving business community, the centerpiece of which is the Governor's Hill office complex containing seven class “A” office buildings with over 750,000 square feet of office space. Symmes Township is conveniently located between Interstates 71 and 275, and is home to a variety of outstanding companies and public institutions.
Recently, the Vantiv Corporation, a company specializing in credit card transactions, relocated its world headquarters to Symmes Township, purchasing and then investing $8,000,000 in renovations to its Governor’s Hill office building. Vantiv employs 1,400 associates in Symmes Township.
Major Shopping Areas:
Community Reinvestment Area
Overview: New commercial construction or renovation resulting in increased real property value may be eligible for tax exemptions on that new investment. Real property tax incentives may be granted for projects involving commercial remodeling or new construction. Projects must be consistent with local zoning as well as and community objectives, and be located in the designated CRA districts. See Zoning Map
Benefits: Substantial real estate property tax reduction.
CRA Agreement: In order to receive a real property tax abatement, an agreement must be entered between the local jurisdiction and the investor prior to commencement of the project. The first step in reaching such an agreement, a detailed application must be filed. The application will then be considered through a series of public hearings, including before the Township CRA Committee, the Board of Trustees, and the County Commissioners.
Rate/Terms: The value of the incentive is negotiated individually for commercial projects. Typical tax abatements granted are in the range of 50% for a ten year period, and are based upon the amount increased property value attributed to new construction and/or remodeling, as well as new jobs brought to the community.
Application: Symmes Township partners with Hamilton County’s economic development agency, the Hamilton County Development Company (“HCDC”), and the Hamilton County Board of County Commissioners to administer the program and approve tax abatements. To obtain further information, please contact HCDC (contacts below) or the Township Administrator. Investors meeting the local criteria must apply to HCDC who then will coordinate the application process with Symmes Township.
Economic Development & CRA Information