Committee debates incentive tiers and $10M threshold; staff to return with options
Members questioned the city's $10 million investment threshold and discussed tiered abatement options and a $7 million local threshold; staff said the program is tiered and will bring proposals back for input.
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Committee members questioned whether the current $10 million threshold for incentives is appropriate for local businesses and discussed tiered options designed to capture smaller projects and expansions. Staff (speaker 2) said the city's incentive program already includes tiers tied to investment size and job creation and that some existing policy allows a $7 million threshold for certain local expansions.
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