Title
Discussion: Economic Development Incentive Guidelines
Executive Summary: Council representatives and members of staff will provide a status report on policy discussions for the CRA program.
Body
Legislative History
None.
Purpose & Explanation
Economic development incentives such as the CRA (Ohio Community Reinvestment Area Program) create competitive opportunities for business attraction and expansion. To facilitate these successfully, City and Schools representatives have been reviewing various models of tax abatement and revenue-sharing opportunities. This workshop discussion aims to provide Council with a status report on how these discussions are progressing.
Timing Considerations
None.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
None.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Finance Director