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Finance committee endorses ESIP participation for expansion project expected to add 166 jobs and $7 million in payroll; legislation set for April 7
Summary
The Troy Finance Committee recommended that council approve an application for the Employee Creation Incentive Program (ESIP) for an expansion that the committee said would bring 166 new employees and more than $7 million in annual payroll. Committee members agreed to advance legislation to council for consideration on April 7.
Todd Severed, chair of the Troy Finance Committee, said the committee would recommend council approve an application to participate in the Employee Creation Incentive Program (ESIP) for a company expansion that staff described as adding 166 new employees and more than $7,000,000 in annual payroll.
A staff member said the ESIP is an income-tax-rebate program the council approved in 2020 for qualifying…
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