Otis White with Civic Strategies brings to our attention a Chicago suburb that is offering tax rebates – with strings:
“When you start hearing things over and over again – they need help,” Arlington Economic Alliance Chairman Tony Guido said.
The board preliminarily approved a loose program that would give small businesses a 33 percent tax rebate for three years with several strings attached. The village would need to set aside about $50,000 to $60,000 each year, and approve each rebate agreement as it came up, Perkins said.
Businesses looking for tax breaks must be smaller than 5,000-square-feet and would also have to make improvements to their business or facilities. They would have to maintain regular store hours, which include staying open weekends and evenings.
Read the whole story here.
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