In the DC today:Under the terms of the incentive package, - TopicsExpress

In the DC today:Under the terms of the incentive package, Rutherford County would submit the grant applications and be responsible for $228,970 over nine years in local match dollars. The Town of Rutherfordton is responsible for $106,940 over nine years and Ruth would be responsible for $52,810 over nine years Rutherfordton Town Management does not have the expertise to sit down with Spindale to talk about sewer consolidation, per Town Manager, cannot cut costs due to shortfall in Sales Tax Revenue so they raised property taxes by 3%, so where are they going to get $106,940 on at least a speculative venture with an unknown company. What ever happened to the Geppatto (sic) Investment of $400K+ for jobs? EDC proposing more than that for 28 jobs. Growing companies dont need incentives to grow. The last time Rutherfordton got into the investment game, it cost sewer users $2.3 millions with the last payment last year. They should just provide services to its citizens and get out of the risky businesses that the EDC is get at.

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