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South Bend Redevelopment Commission <br />Regular Meeting -July 20, 2007 <br />6. NEW BUSINESS (CONT.) <br />B. Tax Abatements <br />continue ... <br />want an industrial base here. That's the only <br />thing I can say about it. I can go into <br />specifics about the investment. We've done <br />this many, many times. Almost every time <br />we've been here we've done more in terms <br />of the total investment than we've asked for. <br />We've hired more than the number of people <br />we've projected. That's because we're still <br />investing in this community. To say that this <br />subsidy, which it is, for the short period of <br />time is not appropriate, I can understand the <br />philosophy, but it's not true in the <br />competitive world. If you want to compete <br />with other areas, and Steel Warehouse is in <br />other areas, not necessarily because we want <br />to be, but that's where our markets are. So, I <br />can testify first hand what's being done in <br />Des Moines, Iowa, what's being done in <br />Chattanooga, Tennessee and other places <br />where we're located. I hope I'm not being <br />too passionate about this. If I am, I apologize <br />for that. I hope people will understand and <br />approve this abatement. <br />Mr. Peczkowski: I notice there are twenty <br />previous abatements. Seven are still in <br />effect. The program is being worked very <br />well by this organization. Again, <br />competitiveness is true all over, and you're <br />saying that other places give better... <br />Mr. Lerman: More substantial. <br />Mr. Peczkowski: Then, I think that's the <br />issue. You're right. Why aren't we doing <br />better? Why don't we give you a bigger <br />42 <br />