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MEDIA RELEASE
FOR IMMEDIATE RELEASECONTACT: BARBARA WILSON, 759-7308 or
304-4701
COMMUNITIES PARTNER TO BENEFITFROM CORPORATE INVESTMENT
A multi-jurisdictional partnership that capitalizes on the
significant investment of GEAviation in West Chester Township takes
shape in the coming weeks.
The Fairfield City Council, Springdale City Council and West
Chester Township Board ofTrustees are expected to take the next
steps in establishing a Joint Economic DevelopmentDistrict at their
respective council/board meetings.
The District encompasses 43 acres of property at the northwest
corner of Union CentreBoulevard and Cincinnati-Dayton Road in West
Chester. The property is owned by DukeRealty and is soon to be home
to GE Aviation, with 1,400 engineering jobs being relocatedto this
new building.
A JEDD allows townships to partner with a neighboring
municipality and collect a limitedincome tax only from those
working within the set boundaries of the District. The incometax
does not apply to anyone working outside this district.
When the JEDD was first discussed, West Chester Township
Trustees were committed toselecting a partner from within Butler
County, but also wanted to reach out to Springdale acommunity
impacted by the relocation of jobs to West Chester.
As a region we applaud GE for renewing its commitment to
southwest Ohio, and celebratethis significant investment in Butler
County. Fairfield has worked closely with West Chesterin the past
and we are pleased to have negotiated an agreement that will
benefit the region,
said West Chester Township Trustee President Catherine Stoker.
Revenues generated fromthe JEDD could lessen the burden on
taxpayers in the future and can also help Springdale asthey
transition from the loss of jobs in their community, Mrs. Stoker
continued.
We appreciate West Chesters approach to the negotiation and
their interest in includingSpringdale in the first 10 years of the
JEDD. West Chester is to be commended for thisoutstanding example
of intergovernmental cooperation, said Cecil Osborn, Springdale
City
WESTCHESTERTOWNSHIP
9113CINCINNATI-DAYTONROAD
WEST CHESTER OH 45069
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Administrator. It will give us some important fiscal relief
while we backfill the space beingvacated by GE.
Fairfield City Manager Arthur E. Pizzano noted, Our respective
communities have a strongtradition of mutual trust and a sustained
commitment to working together. Fairfield was an
early contributor to the start-up financing for the Union Centre
Interchange at I-75. WestChester reciprocated by contributing to
the extension/connection of Symmes Road/UnionCentre project a few
years ago. These tangible expressions of regional cooperation
haveserved the common needs of our residents and businesses well.
We look forward to thisnewest joint venture.
For the first 10 years of the negotiated JEDD agreement, West
Chester will receive 83percent of the net JEDD revenues annually.
The City of Springdale will receive 7 percentand the City of
Fairfield 10 percent along with an administrative fee to handle the
taxcollection process.
After the initial 10 years, West Chester will receive 90 percent
of the net revenues annually
and The City of Fairfield will receive 10 percent and its
administrative fee for the balance ofthe term of the agreement.
This significant investment diversifies our communitys revenue
sources and developsstrong regional partnerships that benefit all
parties involved, said West Chester TownshipTrustee George Lang.
Revenues generated by the JEDD will be put to use strengtheningour
core competencies police, fire and roads.
Fairfield City Council will be asked Monday to set a public
hearing date for the JEDDagreement. West Chester Trustees will take
the same action at its Tuesday meeting.Springdale will set the
public hearing date at their March 4th meeting.
In difficult economic times, it is wonderful to see development
of this size and the JEDDhelps us meet the needs of the company, as
well as our residents, said West Chester TrusteeLee Wong. We will
be able to put this new revenue to work meeting the needs of
ourcommunity and the schools will also benefit.
