The Longmont City Council gave its final approval Tuesday night to a $6.5 million economic development incentives package for the J.M. Smucker Co.’s proposed $340 million manufacturing facility. Council members voted unanimously for the ordinance detailing the agreement between the city and Smucker’s, which plans to construct its facility inside a Weld County portion of southeast Longmont, near East County Line Road and Ken Pratt Boulevard. City officials say the project is expected to create at least 250 full-time jobs in its initial phase and another 250 jobs in a second phase. The city’s $6.5 million incentives package includes rebates for building permit and plan review fees; rebates for Longmont’s sales and use taxes on construction materials; partial rebates of the business personal property taxes the city expects to collect from Smucker’s; waiver of an escrow contribution for extending Fairview Road; and rebates of money the company would otherwise be required to contribute for greenway improvements. Read the entire story at dailycamera.com.
Longmont City Council Approves Incentives For Proposed Smucker’s Facility
John Fryar, Denver Post: Business
Thu, 02/23/2017 - 4:30pm
BING NEWS:
- Springfield City Council approves $928 million budget after cutting 17 positions
SPRINGFIELD — Concerned about the annual growth of the city’s budget, the City Council shaved off about $750,000 from proposed spending, cutting 17 positions that were funded but not filled.
05/28/2024 - 1:38 pm | View Link - County approves incentives for new $330M Coca-Cola United headquarters
The Jefferson County Commission today approved economic development assistance for Coca-Cola Bottling Company United to build its new $330 million headquarters. The county plans to provide up to $2 ...
05/23/2024 - 4:10 am | View Link - Budget receives broad overview by Chico City Council
The Chico City Council reviewed the 2024-25 budget in a public workshop Tuesday afternoon ahead of the regular council meeting.
05/22/2024 - 12:30 am | View Link - Dollars and sensibility? Chico City Council assessing ’24-25 budget
As has become tradition, the City of Chico will open its financial plans to official and public scrutiny at a budget workshop preceding Tuesday’s regular meeting of the City Council. Unlike recent ...
05/19/2024 - 10:22 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more