The program is designed to help local biz create jobs
The Washington City Council meet Wednesday night in their second meeting of the month.
One of the top new pieces of legislation introduced included establishing a Job Creation & Retention Incentive Program. The program if enacted would allow the city to provide an incentive to current or new businesses for retention or creation of new jobs in the City of Washington Court House.
Businesses could combined the program with other financing and incentive programs that may be available including any other City of Washington economic development incentive programs, other local governments,state or federal financing and incentive programs.
If approved the business would have to show what "new jobs" were created or what jobs that could be lost were retained.
Ordinance noted that any application would be filed with the Director of Finance. All forms of new or existing businesses located within or annexing into the City of Washington Court House would be eligible to qualify for the Incentive Payment program.
Any incentive agreement would not exceed five years & the qualifying business has to maintain operations within the City of Washington Court House for at least the length of the contract.
The program will hopefully provide a more secure business environment & provide economic opportunity either by the retention of jobs that could leave the area or the creation of new jobs. Also it would provide new sources for City of Washington income taxes.
If passed the ordinance would establish the program to run through July 31st, 2022. More details on this piece of legislation will be reported on as it has two more readings to council before it can be enacted.
City Manager Joe Denen reported that work on the railroad crossing on North North Street hopefully will be done by later today (Thursday) & that the street should be reopen back to traffic. Also despite the dry weather & demand on water the water reserves for the city was still in excellent condition.
Only piece of legislation that was adopted in the meeting was to allow City Manager Joe Denen to enter into a lease agreement with Randstad for the office space at 115 North Main Street.