UNION — Union City Council is in the process of drafting two ordinances that would encourage economic development by providing incentives for companies doing business in Union.
Mayor Harold Thompson said Friday that the first ordinance being developed would provide economic incentives for any company that does business within the city. While still under development, Thompson said the ordinance could possibly include providing companies that qualify for the program with incentives such as rebates on tap fees, building permit fees, and license fees. He said it could also possibly include possibly making hospitality tax revenue available to companies that qualify for the program.
Thompson said the second ordinance being developed would provide incentives for local small businesses that would enable them to successfully bid on city projects. He said that currently, many small businesses are unable to meet state requirements to qualify for such projects because of the cost involved for such things as workmen’s compensation. Under the ordinance being developed, Thompson said local small businesses that qualify would be able to use the city’s workmen’s compensation coverage and be in a better position to successfully bid for city projects.
“We want to do something extra to help local businesses,” Thompson said.
Thompson said that the goal of these ordinances is to promote economic development within the city by encouraging companies to do business here, invest in the city, and create jobs for city residents.
Thompson said it is hoped that the ordinances will be ready for consideration and first reading by council at its May meeting. He said that a work session will be held prior to the May meeting to work out the logistics of the ordinances.
Charles Warner can be reached at 864-762-4090.