Here's an excerpt from the article in the Smoky Mountain News (click the link for more):
The Town of Waynesville might join the 60 percent of local governments in North Carolina that have adopted a formal business incentive policy.
Mayor Gavin Brown introduced the notion of a policy at last week’s town board meeting. He suggested instituting a similar policy to that of Haywood County. The county commissioners passed incentive guidelines in 2004, partly to avoid making a subjective call about when to offer an incentive.
The policy would offer varying tax incentives depending on how much a company spends on equipment or building costs and how many jobs it creates. It would act as a guideline for businesses interested in moving to the area, Brown said. The policy would not force the town to offer specific tax breaks or other incentives.
“The rules favor incentives,” Brown said. “If you don’t have incentives, you can’t get in the game.”Read the full article
The Town of Waynesville might join the 60 percent of local governments in North Carolina that have adopted a formal business incentive policy.
Mayor Gavin Brown introduced the notion of a policy at last week’s town board meeting. He suggested instituting a similar policy to that of Haywood County. The county commissioners passed incentive guidelines in 2004, partly to avoid making a subjective call about when to offer an incentive.
The policy would offer varying tax incentives depending on how much a company spends on equipment or building costs and how many jobs it creates. It would act as a guideline for businesses interested in moving to the area, Brown said. The policy would not force the town to offer specific tax breaks or other incentives.
“The rules favor incentives,” Brown said. “If you don’t have incentives, you can’t get in the game.”Read the full article
Subscribe to XpressMail. Free Sneak Peek. Every Week.
Want to know what's coming out in Xpress this week before the paper even hits the stands?
We've got your free sneak peek, along with deals available in XpressMail, our weekly email newsletter. (It's the best we can do without time travel.)
-
Comments
-
Related Articles
Comments
No commments yet.
Make a comment
Your comment has been submitted. TODO: Info about moderation
Click here to Comment Again