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Council debates how much to put toward economic development incentives and whether to adopt a policy or hire staff
Summary
Staff told council there is roughly $320,000 in ED reserves and proposed adding $100,000 to FY27; councilors urged a formal economic-development policy before distributing incentives and weighed whether to add staff or outsource marketing and business outreach.
Staff reported a multi-part picture of Indian Trail’s economic-development funds: $220,000 currently set aside in a savings account, $100,000 in the FY26 budget, and a FY27 proposal to add another $100,000 for incentives. "All together, that is that $320,000 that I stated at the last council meeting," staff said. For FY27, staff proposed an ED line of $220,000, which includes $20,000 earmarked for the 74X bus, leaving roughly $200,000 potentially available for incentives…
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