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.
Holmes St.
The council’s eventual vote on a brownfield plan could permit Spartan Internet to apply for $223,800 in state tax credits.
The
council also heard about Foresight Group’s application for $38,630 in
local property tax abatements over 12 years under the Obsolete Property Rehabilitation Act.
The company recently purchased Peckham Inc.’s former facility on North Martin Luther King Jr. Blvd. and wants to renovate the facility for its proposed headquarters.
Read the entire article
here.