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Council opens public hearing on Kwik Trip incentive; introduces ordinance to raise incentive threshold
Summary
Jasper City Council opened a public hearing on a proposed economic development incentive for Kwik Trip and introduced an ordinance to raise the baseline project-cost threshold for the city's economic assistance program from $1,000,000 to $2,000,000. No final authorization for the Kwik Trip agreement was recorded at the meeting.
Jasper City Council on Jan. 7 opened a public hearing on a proposed economic development incentive for Kwik Trip Corporation and introduced an ordinance to raise the baseline threshold for the city’s economic assistance program from $1,000,000 to $2,000,000.
Russ, a city staff member, described the proposed incentive as a rebate of 2% of the city sales tax that would be abated for up to five years or until the rebate reaches a…
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