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Laredo advisory committee asks staff to review Chapter 380 incentive guidelines with an eye to smaller businesses
Summary
The City of Laredo Development Advisory Committee voted to direct staff to research how other cities structure Chapter 380-style incentives and to recommend lower-threshold options for smaller and service-oriented businesses, after a staff recap of current application fees, investment and job thresholds, and tiered reimbursement terms.
The Development Advisory Committee for the City of Laredo voted to direct staff to survey other cities’ economic incentive packages and propose changes to the city’s Chapter 380 guidelines to better serve small and service-oriented businesses.
The committee’s chair moved that staff “look through different cities and compare what other incentive packages may exist,” and the motion was seconded and approved by voice vote. Staff said the change would inform recommendations the…
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