Data element descriptions & definitions are located below the dashboard. Additional information & feedback survey are located below the dashboard. The displayed data is for 2012 to 2016.
The Department of Community and Economic Development (DCED) provides and leverages funding and other resources that support quality housing, neighborhood revitalization and human services in the City of Cincinnati. DCED provides tax incentives to help businesses and residents grow and thrive.
DCED has five commercial programs featured in the dashboard. 1) The Commercial Community Reinvestment Area (CRA) tax abatement program gives incentives to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in cases where the new or renovated facilities will result in job creation. CRAs are offered to multifamily properties of three or more units, commercial properties, or industrial properties. 2) Job Creation Tax Credits (JCTC) and Property Investment Reimbursements (PIR) are income tax incentives provided to a company that commits to expand or relocate into the City of Cincinnati. 3) Loans and grants are offered to developers that need to bridge a gap in financing a development project or to meet pre-development requirements of other incentives. 4) The City of Cincinnati sells City owned property to developer below market rate. 5) Tax Increment Financing (TIF) can be applied to a geographic area or specific project to offset a portion of large-scale development costs to the developer.
DCED also provides residential tax abatements, such as LEED certification. Residential CRAs are provided provides to owners of one-, two-, and three-unit residential buildings to reduce their property taxes by a percentage of the value of improvements they make (new construction or renovations) for 10-15 years.
For more information on DCED's development incentives, visit Choose Cincy.
For access to data sets used in this visualization & additional City data, visit the Open Data Cincinnati Portal.
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