Greensboro City Councilman, Robbie Perkins,
is a partner in Granite Church Street, LLC.
...some county commissioners are questioning the effectiveness
of a relatively new grant program designed to foster more growth in the local tax base.
The program, adopted in October, offers grants to businesses
for the amount of county taxes it paid on any improvements to real property
— a new construction or building expansion, for instance — for three years.
It was hoped the program would spur new construction
and help small businesses improve and expand.
So far, however, only one property has applied for a grant:
a shopping center already under construction in the 5800 block of North Church Street.
as 65 jobs serving the poor, emergency services and libraries were eliminated?
...Granite Church Street, the company behind the shopping center,
would have built it there anyway, regardless of the incentive program.
Joe and Richard
Greensboro City Councilman, Robbie Perkins,
is a partner in Granite Church Street, LLC.
Fec
It’s illegal for the county to give tax rebates,
so the county has to call the rebates “commercial investment grants,”
and the first public hearing for the program was for a project by Granite Church Street LLC,
which is constructing a shopping center on the 5800 block of North Church Street.
Greensboro City Councilman, Robbie Perkins,
is a partner in Granite Church Street, LLC.
Fec
...Gibson added that the plan was meant to help small businesses,
but that Granite Church Street was a large business.
Greensboro City Councilman, Robbie Perkins,
is a partner in Granite Church Street, LLC.
“I don’t think you are a mom and pop business,”
Gibson said to Chester Brown, who was making the presentation to the commissioners.
Brown is with Brown Investment Properties.
Scott Yost
The developers are applying for a grant of $41,504 per year,
or $124,512 over three years.
...Dan Lynch, president of the Greensboro Economic Development Alliance,
said the business recruitment group supports the tax incentive plan.
Who would have thought?
Policies in the past have not typically granted incentives for such projects
as the Church Street development, with its emphasis on retail.
Retail jobs, he said, offer lower wages
and are not the solution to this region’s employment problems
...Incentives should be targeted toward more lucrative jobs.
...The concept of incentivizing construction of already overbuilt sectors of the market,
whether commercial or residential, is not economically wise and sustainable...
Commissioner Kirk Perkins said
“When you take a class of property owners
and say we’re going to give you a pass on taxes for three years,
that’s not helping.”
In a year that’s already seeing county employees furloughed and laid off,
Perkins said he can’t see the logic in forgoing revenue from businesses.
Joe and Richard
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