View Mobile Site
 
Posted: October 25, 2012 10:03 p.m.

Luring money and jobs

We think the Covington City Council made a good decision this past week, when it agreed to offer a package of several incentives in an effort to bring a $20 million existing industry to the city.

Not only will the tax base get a nice boost from that investment, but the chamber's Office of Economic Development expects an employee turnover of 5 to 6 percent a year, which will create around 600 job openings during the next decade.
The incentives including would temporarily reduce utility rates and stormwater fees, a far cry from major tax breaks.

The decision should go a long way in luring this particular business, which is known by many but has yet to officially announce its plans.

We regret that if this happens, Newton County's gain will serve as a loss for a neighboring county, but we realize that all is fair in love, war and economic development.

Commenting is not available.

Commenting not available.

Please wait ...