Citizens For A Better Norwood

Wednesday, October 08, 2008

Medpace moving to Madisonville if…

The Enquirer is reporting that yesterday afternoon Medpace said it has agreed to relocate to the former NuTone, Inc. site in Madisonville, pending Cincinnati City Council’s approval today of a tax incentive package. The package would include an eight-year $7.5 million job creation tax credit on corporate income and employee income taxes. By 2014, Medpace expects to add 700 new employees to the 600 it currently employs in Norwood. Cincinnati’s total benefit would be about $41.7 million.