Council redesignates Oak Ridge–Westfir enterprise zone, adds school district reference
Council adopted Resolution 581 to redesignate the Oak Ridge–Westfir Enterprise Zone before its expiration, noting inclusion of the Green Atlas School District and a 15% school support fee for certain deferred-tax benefits.
The full story
The council approved Resolution 581 to redesignate the Oak Ridge–Westfir Enterprise Zone so the community remains eligible for enterprise-zone tax-deferral incentives. Nicole explained the redesignation uses the existing map, that the principal substantive change was the inclusion of the Green Atlas School District, and that eligible businesses must add at least one job or increase employment by 10% within the exemption period.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in