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Fort Collins staff outline measured incentive framework to retain employers, revitalize retail
Summary
City staff told council they are considering performance-based, time-limited sales-tax incentives and a new small-business fund to retain primary employers and modernize neighborhood retail centers; staff promised a return with recommended guardrails and a three-tier approach by Q1.
At a Fort Collins City Council work session, city economic development staff presented a proposed evolution of the city's business assistance package aimed at retaining primary employers, reducing sales-tax leakage, and supporting neighborhood retail centers.
Sana Kendall, Fort Collins' economic health director, said the goal is a strategic, performance-based approach rather than broad giveaways. "It's not about hitting a panic button," she told council, adding that the city would tie any assistance to measurable public benefits and verify performance before payments are made.
The presentation highlighted past packages for primary employers and compliance lessons. Kendall cited an earlier Avago (now Broadcom) arrangement in which the company promised substantial capital investment and jobs; staff said Broadcom delivered more jobs and has invested heavily in Fort Collins since 2011. By contrast,…
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