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Economic development board highlights inland port bid and new innovation center
Summary
Payson’s economic development board reported progress on several recruitment efforts, including a bid to join the inland port that would return 75% of tax increment to the city, and announced an innovation center opening with maker equipment and a Feb. 12 ribbon cutting.
Brian (economic development board member) told the council the board is pursuing membership in a nearby inland port and described how the tax-increment mechanism would work: "75% of that tax increment comes back to the city," he said, arguing it provides incentives and infrastructure support for new businesses.
Brian also described the innovation center that will offer equipment, rentable office space and a podcast room and said the city will host an open house and ribbon cutting on Feb. 12 with an open-house window from 4 p.m. to 8 p.m. He pointed to concrete recruitment leads — including warehouse and manufacturing prospects — and cited two high-capital project responses the city has submitted: a satellite production facility and a semiconductor light-source subsystem with multi‑hundred‑million-dollar investment and hundreds of potential hires.
