Watson’s is planning on expanding its headquarters on Sharon Rd in Evendale by constructing a 46,800-sq ft addition to its existing facility. The total investment of the expansion is estimated at more than $8 million. The organization will create 33 new full-time jobs while also maintaining 30 existing full-time positions.
HCDC’s Economic Development Office recommended to the Hamilton County Commissioners that an Enterprise Zone Agreement for a 75% tax exemption on new investments in real property be awarded to the company for a period of eight years. The recommendation was accepted. The Village of Evendale also approved the agreement at a council meeting in April 2017.
For more information on Enterprise Zone Agreements, please visit: http://www.hcdc.com/development/tax-incentive-programs/.