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Hampton touts $270 million in recent capital investment, outlines strategy to attract jobs and higher‑value housing
Summary
Economic Development Director Leonard Sledge updated council on job‑creation, industrial and housing projects, enterprise/tourism zones and workforce strategies; he cited over $270 million in announced capital investment (FY20–FY24) and identified targeted industries and sites including the Phoenix Commerce Center and Constellation mixed‑use project.
Economic Development Director Leonard Sledge presented a strategic update focused on increasing Hampton’s tax base through business attraction, retail redevelopment, higher‑value housing and tourism.
Sledge opened by saying the department’s work supports city services and quality jobs. He walked council through revenue trends and explained a simple planning metric: at the city’s real‑estate tax rate, roughly $86.2 million of new assessed value generates about $1 million in annual property tax revenue, illustrating why targeted redevelopment matters for long‑term budgets.
Sledge described four strategies—jobs (business attraction, retention and…
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