Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
80°F
Mostly Sunny
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 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Saturday, December 6, 2003

Convergys deal fought by Norwood



By Ken Alltucker
The Cincinnati Enquirer

The city of Norwood wants a state financing board next week to reject Convergys Corp.'s request to cash in on part of a $144 million incentives package to establish a new headquarters in downtown Cincinnati.

If the state's Development Financing Advisory Council next Monday approves a $6 million low -interest loan for the billing and customer management company, Norwood says the deal would undermine three "enterprise zone" agreements that require the company to keep 1,051 full-time and 401 part-time jobs in Norwood.

"What the state is doing is providing incentives to break a local agreement," said Rick Dettmer, Norwood's economic development director.

Convergys wants the $6 million to help it consolidate its Greater Cincinnati work force at the Atrium One tower in downtown Cincinnati - a move that would shift 300 jobs from Norwood to Cincinnati.

Even though enterprise zones are established by the state, Ohio development officials say they have no obligation to ensure companies meet terms of existing zone agreements even if those firms ask for more tax giveaways to move elsewhere in Ohio.

Hamilton County oversees the Norwood zone.

The state must notify a city or a town that a company plans to relocate jobs. The state sent a letter Nov. 24 to Norwood Mayor Victor Schneider indicating that the Convergys move would mean a loss of 300 Norwood jobs.

Schneider, Dettmer and the city's law department this week sent a letter to financing advisory council members protesting the move.

Convergys spokeswoman Renea Morris said that the company has honored all agreements so far. She "didn't want to speculate" on how the planned job transfer would affect the Norwood agreements beyond 2003.

The bulk of the state's incentive package for Convergys comes in the form of $131.5 million in tax breaks for new and retained jobs over 15 years.

The city of Cincinnati also approved $52.2 million in incentives over 15 years.

E-mail kalltucker@enquirer.com.



Holiday cards suit different cultures
Convergys deal fought by Norwood
Philippine call centers work for Convergys
Factory jobs aren't coming back
Charmin wins Super Bowl ad
Tristate Summary
Minimal up-front funds needed to buy
Nasdaq pops above 2,000, then slips
Stock Market Game
Boeing at watershed over future of 7E7
Textile industry goes abroad but leaves hole
Factories move to survive
Business digest
Rate report

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


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.