Econ. Development Review committee considers value of economic incentives
Minot’s leaders are leaning toward keeping tax incentive programs as part of the city’s economic development strategy — but they want to be smart about it. A review committee signaled support for tools like the Renaissance Zone and property tax exemptions for builders and homeowners, noting their role in revitalizing downtown and supporting new projects. At the same time, some committee members say it’s time to look harder at how these programs are funded — and whether sales tax dollars, not property owners, should cover the cost of growth. Jill Schramm with Minot Daily News has the full story.
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