My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
09-07-2007 2007 looks positive for job creation, commercial growth
sbend
>
Public
>
News Releases
>
2007
>
09-07-2007 2007 looks positive for job creation, commercial growth
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/5/2011 12:01:29 PM
Creation date
5/5/2011 12:01:25 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
"The cumulative taxes abated represent less than one-tenth of the expansion costs and are <br /> surpassed by the increased payroll these businesses will spend in creating new jobs for <br /> residents," Luecke said. "That's sound stewardship to ensure that these resources are <br /> invested in South Bend and not South Dakota or South America." <br /> According to figures tallied by the city's department of Community and Economic <br /> Development, 1,639.5 total jobs are impacted by this year's 35 tax-abatement petitions to <br /> date — 186 new jobs and 1,453.5 jobs retained. New jobs represent 11.3 percent of the <br /> total, the third highest percentage since 1999. The payroll increase to date, $8,938,348, <br /> exceeds the full-year totals for all but 2000, which reached $13.7 million. <br /> The $102,764,284 in project costs will have an estimated assessed value of$82,845,424. <br /> A total of$9,435,250 in taxes will be abated through these requests, over periods ranging <br /> from 3 to 10 years. <br /> To date, firms requesting tax abatements plan to expand facilities by 591,036 square feet, <br /> surpassed only by full-year totals for 1999, 2000 and 2002. <br /> -30- <br />
The URL can be used to link to this page
Your browser does not support the video tag.