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Siemens seeks 10,000‑sq‑ft expansion; council delays CRA vote to next meeting
Summary
Siemens Corporation requested a 75%, 10‑year community reinvestment area exemption for a corporate office expansion; councilors supported the company but deferred final action to a later meeting.
Siemens Corporation is seeking a community reinvestment area (CRA) tax incentive — a 75% exemption over 10 years — to support a roughly 10,000‑square‑foot office expansion that the company says would create 53 new jobs with about $2.9 million in new payroll.
Council discussion noted earlier state review and coordination: staff said the city provided a letter of support for the company’s OhioJobs application last year and that the state later approved the project. The administration also said the state recently awarded a $250,000 grant to help reconstruct Silver Road to improve dual access to the Siemens site; staff said that grant plus an existing TIF will help speed construction and reduce local borrowing costs.
Councilors expressed support for Siemens as a corporate citizen but said final action should wait for the next meeting because the council lacked the numbers to suspend rules and adopt the ordinance on first reading. The ordinance was therefore left on first reading and will return on a subsequent agenda.
