Town of Montgomery alters how it considers tax breaks for projects
TOWN OF MONTGOMERY – Town of Montgomery leaders recently released new economic policy updates, striving to listen more to residents and attract development beyond increasingly common warehouses. The changes came in the form of a new Uniform Tax Exemption Policy or UTEP for the Montgomery Industrial Development Agency. IDAs are independent, nonprofit public benefit corporations, representing municipalities and counties – Montgomery’s IDA members are appointed the town board – throughout the state. IDA boards, often local businesspeople and influential community members, vote on offeri...
Source: recordonline.com