City Council Considers Tax Incentives for HOVR Holdings LLC
Cleveland City Council is considering an emergency ordinance, File No. 1376-2026, to authorize the Directors of Development and Finance to enter into an agreement with HOVR Holdings LLC, or its designee. This agreement would be made under the Job Creation Income Tax Incentive Program to support the company's operations.
What's in the file
The legislation authorizes city officials to facilitate an agreement with HOVR Holdings LLC through the Job Creation Income Tax Incentive Program. This program is designed to encourage business growth and employment within the city by offering tax incentives to companies that meet specific job creation criteria.
Status and timeline
- 2026-11-05: The emergency ordinance was introduced and received its first reading.
- 2026-11-09: The matter was included in the City Council agenda for further consideration.
Residents can verify all details regarding this ordinance by reviewing the official record at the Cleveland City Council website.
Source record
- File
- 1376-2026
- Type
- Emergency Ordinance
- Status
- First Reading
- Committee
- City Council
- Introduced
- November 4, 2026
Official documents
- 1376-2026- Job Creation Tax Income Tax Credit HOVR Holdings LLC
- 1376-2026-A File-Job Creation Tax Income Tax Credit HOVR Holdings LLC