GARDEN CITY,Utah. May 14, 2015. Mitch Poulsen, Economic
Development Coordinator for Rich County,
told council members that it might be a good idea to enter into an Enterprise Zone Agreement to allow businesses
to capitalize on tax benefits for
businesses in Utah’s rural areas. The
County Commissioners want to designate all of Rich County as an Enterprise
zone. But that does not include the
cities. The Governor’s economic
development people said that it didn’t count for the cities unless the city
made that designation for the city.
There are rural fast track grants for cities which have this
designation. Tax credits are also
available. “Why wouldn’t we want to do
it?” said Spuhler. It is an
administrative tool to further commercial development in rural areas for cities
less than 10,000. Garden City qualifies
and being a rural resort community, “we should be all over it,” said Poulsen.
The city will need a public hearing and to draw up a map which
includes the zone and send in the application to the Governor’s Office of
Economic Development. Poulsen could
write the application. Council Members
suggested that Poulsen have a training with the Chamber on how to utilize the
benefits.
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