Edmond City Council to vote on incentive program

Edmond City Council members will consider Monday a recommendation by the Edmond Economic Development Authority for an incentive program. The two-part program would help retail owners opening business in Edmond, or businesses that expand.

 
By Diana Baldwin | Published: January 12, 2013    Comment on this article Leave a comment

Advertisement

Target areas are described as places that are underutilized, vacant and/or in danger of becoming blighted areas, or areas where there is a demonstrated need for additional retail or commercial development.

Retail and commercial businesses that will provide additional sales tax revenue to the city would be candidates for incentives.

The second incentive plan focuses on primary jobs — jobs that produce a product or service for use in or outside the Edmond area.

A qualified company must achieve $750,000 in new annualized payroll for new, full-time employees. Over a two-year period, employees' pay must average $40,000 a year.

Page 2 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


HooplaHa.com
Wake up everyday with a smile at HooplaHa!
hooplaha.com
Public Arrest Records
1) Enter Name and State. 2) Access Full Background Checks Instantly.
instantcheckmate.com/

News Photo Galleriesview all