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Brighton staff propose structured incentive policy with 50% tax-rebate cap and expedited review
Summary
City economic development staff on Feb. 11 presented a draft business incentive policy that would create a predictable, performance-based framework for sales-, use- and business personal property tax rebates and an expedited development-review pathway.
City economic development staff on Feb. 11 presented a draft business incentive policy that would create a predictable, performance-based framework for sales-, use- and business personal property tax rebates and an expedited development-review pathway.
Robin Martinez (economic development) and Mike Masciola outlined the proposed priorities: give preference to primary employers that export goods or services and bring new revenue into Brighton, large sales-tax generators and employers that advance council strategic goals. The staff recommended minimum eligibility criteria for primary employers: creation of at least 50 net new jobs, a minimum capital investment of $1…
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