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Council finds 14 companies compliant with tax phase-in rules, asks one developer to explain progress
Summary
Economic development staff recommended continued eligibility for 14 companies receiving property tax phase-ins; the council approved compliance findings and asked Crosspointe Polymer (SJIP Crosspoint) to return with an explanation of its limited reported progress.
The Vanderburgh County Council voted to find 14 companies in compliance with their tax phase-in agreements, but asked one developer that reported minimal progress to return to explain the delay.
Pat Hickey, director of economic development at the Evansville Regional Economic Partnership, told the council the office conducts annual compliance checks of companies that received property tax phase-ins and that compliance generally requires being at least 90% of original goals on each company's SB-1 Statement of Benefits and meeting at least two of three investment criteria (property,…
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