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Tax and Financial Incentive Programs
The
Economic
and Community Development Department offers the following
programs to assist local businesses interested in locating
or expanding within Reading. For more information contact
Linda Fitzgerald at (513) 677-9766.
Reading Road Community Reinvestment
Area
In August, 1999 the City of Reading designated Reading Road
as a Community Reinvestment Area (CRA). Under the CRA program
the City of Reading can provide commercial property owners
along Reading Road a tax abatement for improvements made
to their property. New construction is eligible for up to
a fifteen year tax abatement for up to 100% of the increased
value after the new construction. Up to a ten year abatement
for up to 100% of the increased value after renovation can
be made to businesses committing to renovate their businesses.
Enterprise Zone Program
The entire City of Reading is designated as an Enterprise
Zone which makes businesses eligible for up to 75% tax abatement
on new investments in real and personal property.
4% Loan Program
The Reading Community Improvement Corporation, in conjunction
with Valley Central Savings Bank, offers 4% loans of up
to $15,000 to Reading businesses and property owners to
renovate their properties.
In addition to offering the above three local tax and financial
incentives, the City's economic development staff will assist
new and expanding businesses in accessing a variety of state
and county programs. For more information, contact the City's
economic development consultant Linda Fitzgerald at (513)
677-9766.
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News
Heat Facts (more)
Show N Tell Car Show - September 26, 2010 (more)
Household Hazardous Waste Drop-Off Program (more)
Spring 2010 Newsletter (more)
City Income Tax Forms Available Online (more)
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