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Luring money and jobs
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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