About $260,000 in tax incentives could be given to two local businesses to encourage expansion and redevelopment projects.
According to excerpts from the article:
Spartan Internet Consulting Corp.
is seeking tax incentives for the
$1.8 million redevelopment of the former Holmes Street School
, 1030 S.
The councilís eventual vote on a brownfield plan could permit Spartan Internet to apply for $223,800 in state tax credits.
council also heard about Foresight Groupís application for $38,630 in
local property tax abatements over 12 years under the Obsolete Property Rehabilitation Act.
The company recently purchased Peckham Inc.ís former facility on North Martin Luther King Jr. Blvd. and wants to renovate the facility for its proposed headquarters.
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