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Council approves industrial bond financing item after company agrees to living‑wage terms
Summary
An industrial bond financing package to support equipment purchases for a company in an empowerment zone — estimated $4.7 million, creating about 70 jobs — was approved after committee negotiations produced voluntary living‑wage commitments from the company; council sought additional follow‑up to maximize zone incentives for quality jobs.
The City Council approved an industrial bond financing request for a company planning to locate in an empowerment zone after the company agreed to pay a living wage as part of follow‑up negotiations.
Council discussion, raised initially in committee, centered on whether city assistance should contribute to the creation of…
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