I spoke with a developer a few days ago, and he stated that his company no longer works in cities that don’t offer incentives. Last week I spoke with a small business owner who decided to locate her business in Covington, as opposed to Fort Thomas, because of the rental subsidies they provide. Like it or not, gradually over the last number of years, incentives have become standard operating procedure if you want economic development in your town. How have our neighbors adjusted to this new reality?
|Campbell Co. YMCA. This is an advertisement.|
Newport’s website: Job Development Incentive Program, Property Assessment Moratorium, Historic Preservation Tax Credit, Façade Grants, Tax Increment Financing District, State Incentives
Bellevue’s website: Bellevue Renaissance Signage Grant, Economic Development Incentive Program, Historic Preservation Grant, Preservation Tax Credits, Property Assessment Moratorium Program, Off-Street Parking Assistance Program
Dayton’s website: Commercial Community Advantage Program (rent abatement, uniform signage, Façade and Structure Improvement)
|This is an advertisement.|
The city is working hard to uncover funding sources to make us more competitive. Please encourage and support these efforts. If you haven’t already done so, please spend a few minutes completing the surveys at www.ftcommunityplan.com and be a part of crafting a new vision for the future of Fort Thomas. And please support our local businesses.