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IDB approves annual Metro incentive payouts to Phillips and Alliance Bernstein amid abstentions
Summary
The Industrial Development Board approved annual Metro incentive grant payouts: $317,500 to Phillips Holding USA Inc. and $541,500 to Alliance Bernstein LP. Phillips representatives attended and presented workforce and community-engagement data; Alliance Bernstein's representatives were absent and several board members abstained from that vote.
The Industrial Development Board approved annual payouts for previously authorized Metro incentive grants on April 8, voting to release $317,500 to Phillips Holding USA Inc. and $541,500 to Alliance Bernstein LP.
Brad Lampley, representing Phillips, and Steve Butler, a local Phillips leader, presented employment and community metrics during the meeting. Lampley highlighted that Phillips recruits locally, runs partnerships with regional universities and has invested in community programs. He cited workforce statistics included in the board packet, saying roughly 59% of Phillips’ employees are…
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