Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
48°F
Cloudy
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
-- Local News 
 Sports 
 Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 Obituaries 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 




 
Tuesday, October 21, 2003

Hamilton Township considers tax break


SUMCO would expand operation in consolidation

By Erica Solvig
The Cincinnati Enquirer

HAMILTON TWP. - An international manufacturing company might expand its facility in this booming Warren County township if the county gives them an economic incentive. It could mean hundreds of new jobs.

The county commissioners will discuss today giving Sumitomo Mitsubishi Silicon Group (SUMCO) a 10-year personal property tax abatement. The agreement has already been approved by Hamilton Township and the Little Miami School District.

The company is considering consolidating some of its U.S. operations, and is eyeing this location to do it at, according to spokeswoman Janet Clark. It could bring upwards of 320 new jobs, nearly double the current number of employees.

"Once we know for sure whether those enterprise zone benefits come through, then we'll forward that information to our parent company in Japan," Clark said. "They'll make the final decision on whether we'll consolidate our manufacturing operations."

The company makes silicon wafers, which are the foundation that integrated circuits and computer chips are applied to. They have 15 plants worldwide, including six in the United States.

Should the county approve the tax abatement, SUMCO would pay 25 percent of the taxes on personal property over 10 years. That includes about $50 million worth of new machinery and equipment and about $6 million worth of inventory, said Karen Garrett, director of economic development in Warren County.

SUMCO is expected to make a decision on the consolidation by late November, Clark said.

E-mail esolvig@enquirer.com




TOP LOCAL STORIES
Phone cams raise privacy concerns
Few minorities on suburb ballots
Program warns of Web dangers
Senate bid cost Springer $1.1M

ELECTION 2003
Political jingles make comeback
Mount Healthy pitches levy
Special Election Guide

ENQUIRER COLUMNISTS
KORTE: Inside City Hall
HOWARD: Good Things Happening

CINCINNATI-HAMILTON COUNTY
Fire disrupts Clifton activities
Single levy ballot discouraged
Revenue shortfall may mean tax hike
Sides work to avoid strike
Council votes on property tax rollback

AROUND THE REGION
Student publications consistently a good read
Fund coordinates donations to schools
Hamilton Township considers tax break
Regional Report
School Notes

OBITUARIES
Raymond Ekvall loved arts, science
Virginia M. Motz, Right to Life volunteer

OHIO
Ohio Moments: Reds swept 1976 Series

KENTUCKY
Fletcher, Chandler take off gloves
Toyota pledges $500K for schools
Incentive sought by high-tech Ky. firm
Around the Commonwealth

INDIANA
Rep. Hill upbeat after trip to Iraq
Davis takes office as new lieutenant governor

 

Latest Headline News
Updated Every 30 Minutes
AP TOP HEADLINE NEWS

Iraqi Official: 150,000 Civilians Dead

Sen. Allen Concedes Defeat in Virginia

Bush, Pelosi Hold White House Talks

Massive Recall of Acetaminophen Underway

Mubarak Warns Against Hanging Saddam

Bolton Unlikely to Win Senate Approval

AP: Startling Findings in Tillman Probe

Ed Bradley of '60 Minutes' Dies at 65

U.S. Rises in Auto Reliability Ratings

49ers Look to Relocate New Stadium



Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.