Pottstown School Board Approves Keystone Tax Break For New Business

Location of Pottstown in Montgomery County

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

Editor’s note:  See what happens when we are all on the same page!  This sends a positive signal to the investment community that Pottstown is “OPEN FOR BUSINESS”.   This needs to happen more often.  Two Thumbs Up to all involved!

POTTSTOWN — With a 7-2 vote Monday night, the Pottstown School Board endorsed a property tax break for a business that wants to re-locate to the former 84 Lumber truss plant on Keystone Boulevard.

School board members Polly Weand and Andrew Kefer cast the only votes against endorsing the Keystone Opportunity Zone tax exemption for Conshohocken-based Heritage Coach Co., which sells hearses and limousines.

The vote comes just three days after state Rep. Mark Painter, D-146th Dist., announced his support for the tax break.

Under the terms of the deal negotiated by Schools Superintendent Jeff Sparagana and Borough Manager Mark Flanders, Heritage would pay no property taxes in the first three years of the 10-year deal.

Read more:  http://www.pottsmerc.com/article/20130326/NEWS01/130329480/pottstown-school-board-approves-tax-break-for-new-business

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