diff --git a/README.md b/README.md
index ccfafb42..48490856 100644
--- a/README.md
+++ b/README.md
@@ -1,8 +1,6 @@
-** replace `dbt-common` with your repository name in all docs
-
 ## Understanding dbt-common
 
-A short description of the purpose of this repository.  Include relevant images.
+The shared common utilities for dbt-core and adapter implementations use
 
 ## Getting started
 
diff --git a/dbt_common/__about__.py b/dbt_common/__about__.py
new file mode 100644
index 00000000..9f7a875c
--- /dev/null
+++ b/dbt_common/__about__.py
@@ -0,0 +1 @@
+version = "0.1.0"
diff --git a/pyproject.toml b/pyproject.toml
index 4a54150c..7c84afe3 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "dbt-common"
-version = "0.0.1"
+dynamic = ["version"]
 description = "The shared common utilities that dbt-core and adapter implementations use"
 readme = "README.md"
 requires-python = ">=3.8"
@@ -33,6 +33,9 @@ dependencies = [
   "typing-extensions~=4.4",
 ]
 
+[tool.hatch.version]
+path = "dbt_common/__about__.py"
+
 [build-system]
 requires = ["hatchling"]
 build-backend = "hatchling.build"