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Clovis CED updates industrial-applicant policies; IRB terms extended to 30 years
Summary
The Clovis Economic Development board approved revisions to its industrial-applicant policies, making employer-provided health insurance a scored factor rather than a mandatory requirement and aligning industrial revenue bond (IRB) maximum terms with state law to allow up to 30 years.
The Clovis Economic Development (CED) board approved revisions to its industrial-applicant policies at the meeting, moving a company health-insurance requirement from mandatory to a scored criterion and aligning industrial revenue bond (IRB) maximum terms with state statute to permit up to 30-year agreements, staff said.
The changes were intended to make the policies easier for applicants to follow and to reflect state law, Justin, a CED staff member who presented the packet, told the board. "We left the requirement in there. However, we did not make it a mandatory requirement," Justin said, explaining that health insurance will now be part of the scoring criteria the board can use when evaluating applicants. He…
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