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EDA considers expanding tiers for new-home rebate to reflect rising home costs
Summary
The Harmony EDA discussed adding higher-value award brackets to the new-home rebate program to keep incentives competitive; board members asked staff to prepare a clean proposal of amounts suggested by Steve Donney for next month's meeting.
Members of the Harmony Economic Development Authority on Sept. 1 discussed proposed changes to the authority's new-home rebate program aimed at keeping incentives competitive as home prices rise.
Board member Steve Donney proposed additional award brackets for higher-valued homes and suggested specific amounts to increase the rebate's attractiveness. Board members described Donney's suggested amounts as reasonable and directed staff to compile a clean version of those recommendations for further discussion at the next meeting.
The discussion also covered digital marketing to promote the rebate program: the EDA reviewed draft campaign materials and agreed to start with targeted social-media advertising across southeastern Minnesota and nearby regional markets before evaluating effectiveness.
Staff will return a finalized proposal and draft marketing approach for board consideration next month; no changes to the rebate program were adopted at this meeting.
