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County unveils proposed economic development incentives, new investment zones and preservation grants
Summary
The county’s economic development team presented a broad update Thursday proposing a modernized incentive policy intended to support small businesses, target investment zones, expand historic-preservation grants and add bonus incentives tied to community benefits.
The county’s economic development team presented a broad update Thursday proposing a modernized incentive policy intended to support small businesses, target investment zones, expand historic-preservation grants and add bonus incentives tied to community benefits.
Chris Martinez, economic development manager, and Jose Landeros, director, described a tiered incentive structure that combines grants and property-tax rebates. The proposal would make micro (startup), small and medium businesses eligible for graduated grants ($3,000 for micro; up to $7,000 for small; up to $10,000 for medium) plus tax-rebate offers (base 75% rebate, potentially stackable to 90% with other incentives) and employee…
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