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Council approves Granary economic development steps and tax abatement for Deer Creek project
Summary
Council introduced a bond ordinance and approved a declaratory resolution establishing the Granary economic development allocation area, and approved a tax abatement resolution to support a $30 million investment and retention/addition of about 300 jobs at Deer Creek Business Park.
On Sept. 23 the Noblesville City Council took several actions intended to advance local economic development incentives.
The council introduced Ordinance Number 34-09-25 to authorize issuance of taxable economic development revenue bonds for the Granary project; city staff said the ordinance is the first step to lend bond proceeds to project developers Flannery and Collins and that the…
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