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EDA moves to develop reimbursement-focused incentive policy; refinements planned in January
Summary
Vice Chair Elizabeth Rafferty told the EDA that a draft incentive policy should start broad, emphasize reimbursement-based incentives, include a strict vetting process, and clearly list qualifying and disqualifying sectors; the board will continue discussion in January.
Vice Chair Elizabeth Rafferty updated the Economic Development Authority on work to draft an incentive policy and recommended an approach that starts broad and is refined over time.
Rafferty said the policy will "heavily focus on reimbursement-based incentives" and include a heavy vetting process; she also recommended that the policy clearly identify qualifying and disqualifying businesses and sectors. The EDA agreed to continue discussion on the incentive policy at the January 2026 meeting so staff and members can refine criteria and vetting procedures.
The direction signals the Authoritys preference for structuring incentives around reimbursement and clearer eligibility standards rather than an immediately narrow, prescriptive list.
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