St. Charles Makes $250K Pitch for New Jobs, Taxes
Aldermen direct city staff to draw up sales tax incentive agreement, ask for more info on Iowa-based US Adventure RV.
en hits in recent weeks in online comments complaining that not enough is being done to bring new businesses into town, even though the pace of the nation’s recovery from the Great Recession has put a damper on such efforts elsewhere. Monday night, however, Economic Development Director Chris Aiston unveiled to the St. Charles City Council Planning and Development Committee a proposed $250,000 incentives package to lure a new business here from Joliet, generating $45 million in sales over the first five years. During that same period, the business expects to create 21 jobs with an estimated payroll of $3.5 million. Aiston said the new business also is projected to create eight more indirect or induced jobs with a payroll of $900,000, …
Ted Schnell
10:35 pm on Tuesday, January 15, 2013
I think it's always good to question incentives. Some communities seem to put them out there almost like fishing bait and wait to see what they can catch, sometimes without seeming to consider the true benefits vs. the true costs. This does not seem to be that kind of deal. By the presentation, it certainly sounds as if the city is considering short-term and long-term aspects. I wonder how close … more ›