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Council hears Economic Development Commission report: business-license revenue, largest business types and distressed commercial properties
Summary
Council member Pashon Hellman summarized June EDC findings: 85% license-renewal rate, license fees generate about $200,000 for the general fund, professional services are the most common business type while construction is the largest employer; the EDC noted distressed commercial properties on the Olive Corridor and discussed compliance tools.
At the July 8 meeting Council member Pashon Hellman reported on the Economic Development Commission meeting held June 30. Hellman said staff presented business-license statistics showing an 85% renewal rate at that time and that revenues from business-license fees amount to about $200,000 in general-fund…
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