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Bowie council authorizes consultant study and asks state for $1 million to seed economic development corporation
Summary
Council directed staff to hire a consultant to design an economic development corporation (EDC) and voted to ask the state delegation to pursue $1,000,000 as seed funding to support EDC formation and activities; council discussed scope, costs and expected mission to grow nonresidential tax base and catalyze redevelopment.
The Bowie City Council on Jan. 20 moved forward on an economic development initiative designed to expand the city’s nonresidential tax base and to create an implementation vehicle for redevelopment projects.
Council members debated scope and funding at length before directing staff to hire a consultant (staff estimated a scope cost of roughly $50,000) to create a detailed plan for establishing an economic development…
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