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Gadsden council approves larger tax-rebate deal for new downtown Harker’s Pub
Summary
Council amended and approved a resolution authorizing an economic development rebate for Harker’s Irish Pub LLC, increasing the rebate cap to $250,000; city leaders say the project is expected to invest about $2.9 million and create about 45 jobs.
The Gadsden City Council voted Feb. 10 to adopt an amended economic development resolution that authorizes a sales-tax rebate for Harker’s Irish Pub LLC, a restaurant planned for 315 South Second Street in downtown Gadsden.
The substituted resolution raises the rebate cap from $200,000 to $250,000. Council members said the rebate will equal 2 percent of the city’s 5 percent sales tax proceeds for up to five years from opening, or until the cap is reached. A council member explained the rebate is performance-based: the business must generate and remit…
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