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Council hears proposal to offer Innosource LLC up to $100,000 in performance incentives
Summary
Staff outlined a proposed 5‑year 10% performance incentive (up to $100,000) and a $50,000 location grant for Innosource LLC to relocate and expand in Dublin, with projected retention of 80 jobs and creation of 24 new jobs by 12/31/2031.
City economic‑development staff presented a proposed ordinance to offer Innosource LLC a 5‑year 10% performance incentive valued up to $100,000 and a $50,000 location grant to support facility renovation. Staff said the project would retain 80 jobs and create 24 new Dublin‑based jobs by Dec. 31, 2031, and estimated net withholdings of approximately $846,000 over the incentive term.
Council did not take action tonight; staff said the ordinance will be scheduled for a second‑reading public hearing on Aug. 24.
