County to consider tax break for Holt company (DOCUMENT)

Published: Tuesday, January 8, 2013 at 04:24 PM.

Commissioner Wayne Harris said the proposed tax abatement makes sense for a county looking to generate more jobs.

“It’s a small amount of money we give up over a period of time and really negligible in the scheme of things for greater benefits later on,” he said. “These people are needing some breaks, and if they create jobs for our citizens, that’s a good thing.”

With every new job, the area gets a person, or family, who might go out and buy a house or spend money in other ways across the community, Harris added.

He said tax abatements are “the cost of doing business” today.

The EDC has not released the name of the Holt business because state statutes require confidentiality.

Under the proposal, the new jobs would pay an average salary of $50,750.

If commissioners approve moving forward with the tax abatement, the board would have to schedule a public hearing on the matter.

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