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Council adopts updated strategic economic development policy to replace 2011 plan
Summary
The council approved a new economic development strategy that sets criteria for incentives, aligns with comprehensive and downtown plans, and states incentives will be considered case-by-case; staff said outside consultants may be used to evaluate proposals.
The McHenry City Council adopted a strategic economic development policy Monday to replace the 2011 strategy. The policy provides a general framework for evaluating incentive requests, aligns with the city’s comprehensive and downtown plans, and says economic incentives will be considered on a case-by-case basis.
Doug Martin, identified in discussion as Director…
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