Location of Pottstown in Montgomery County (Photo credit: Wikipedia)
Editor’s note: Pottstown is already perceived as NOT business friendly. Companies aren’t rushing to relocate there. The KOZ site is empty. The best chance of enticing other companies to build there is to get a business in there STAT. Then you can market away. These tax abatements are the cost of doing business. Sadly, not many on council understand that.
POTTSTOWN — Several borough council members Wednesday picked at a proposed tax relief deal floated to bring a new business to town, saying the borough is giving too much away.
The discussion centers around the former 84 Lumber truss assembly plant at 451 Keystone Blvd., which a Conshohocken business wants to buy for a hearse and limousine company that would bring half a dozen jobs to the borough.
The site is located in Pottstown’s mostly moribund Keystone Opportunity Zone, which would allow for a property tax abatement on the property, with the agreement of council and the school board.
After knocking the subject around at the joint meeting between borough council and the school board on Feb. 26, Borough Manager Mark Flanders and Schools Superintendent Jeff Sparagana were tasked with negotiating with Jay Lankford of Heritage Coach Co. Inc. to iron out a deal all sides could agree on.
Read more: http://www.pottsmerc.com/article/20130308/NEWS01/130309489/pottstown-council-dickers-over-tax-abatement-deal#full_story