Newark MDD tables draft incentive policy, asks for more review and council input
The Newark MDD tabled consideration of a draft incentive policy prepared by an economic development consultant to allow board members and staff more time to review, refine language, and prepare questions for counsel and City Council; legal review noted will draw on district funds.
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The board reviewed a draft incentive policy and resolution provided by an economic development planning consultant (the minutes list the consultant’s name both as 'Greg Last' and 'Greg Glass'). Vice President Kris Marques and other members said they had not had sufficient time to review the document and raised concerns about the broad set of incentive categories listed, including provisions the board considered irrelevant to Newark (for example, airport proximity language).
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