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Warren County creates $10M economic development credit fund; board pledges casino tax as backstop
Summary
The Warren County commission unanimously established a $10 million economic development fund to act as a credit enhancement for development projects and authorized an intergovernmental agreement with the Port Authority; the resolution specifies the fund is not a pledge of the county's full faith and credit.
Warren County commissioners voted on Feb. 17 to create a dedicated $10,000,000 economic development fund intended to serve as a credit enhancement for qualifying projects, the board said in work‑session action following a staff presentation.
Matt Schnipke, the county's director of development, said the fund would be segregated from the general fund and reserved to provide credit support — not direct grant spending — to projects that meet county criteria. He said county legal staff had identified authority in the Ohio Revised…
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