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Seabrook EDC reports $713,000 revenue, highlights business incentives and performance‑based policy
Summary
The Seabrook Economic Development Corporation (EDC) presented a semiannual report showing $713,000 in revenue, described recent incentives totaling over $650,000 and reiterated performance‑based payment policy changes to protect public funds.
The Seabrook Economic Development Corporation on Tuesday presented its semiannual report to the Seabrook City Council, reporting consistent revenue of $713,000 and describing business incentives, district planning and follow‑up work on redevelopment and signage projects.
Paul Dunfee, principal of the Seabrook EDC, told the council the EDC’s revenue source is a one‑quarter percent sales tax collected within the city and that expenditures are performance‑based and restricted by state law to projects that improve quality of life, create jobs or increase the tax base. He said expenses this cycle…
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