Miamisburg, Springboro, and Miami Township “have all approved a new agreement for the Austin Center Joint Economic Development District [JEDD] off of Interstate 75,” the Dayton Daily News reports. The JEDD, created in 2009, “includes much of Austin Landing” and “allows the three communities to levy 2.25 percent income tax on all retail businesses and some offices within the boundaries,” according to the article. Under the new agreement, the JEDD will disburse a minimum of $300,000 annually, with 57 percent going to Miami Twp., 22 percent to Miamisburg and 20.5 percent to Springboro. The new agreement “allows for redevelopment within the district” and also “provides that the entire area within the district is a mixed-use development,” which allows “all JEDD parcels . . . to be subject to income taxes.” For more, read the full article.
New agreement for Austin Center JEDD approved
