Network Solutions Provider eyeing downtown location

[Towntalk]

Great guys, so we tell any and all businesses that consider coming to Youngstown ... "No tax breaks ... no grants ... nothing ... you foot 100% or go somewhere else dude, we ain't running a charity at tax payers expense." Great, so no company comes to Youngstown ... no new stores ... no new restaurants ... nothing. What the hell do we gain by that sort of thinking!
How many of the new restaurants that came to the west side came there on their own dime with not a single penny of tax payers money?
How much tax dollars have been spent on Mahoning Commons over the years?
Billy, wouldn't you love the opportunity to have a good paying job with benefits, or would you say "NO" if the business received a grant, or some tax breaks?

[jay]

education is education, no matter which side of the fence it falls on

So where do the Youngstown schools rank in comparison to the surrounding suburban schools?

[Towntalk]

 

[Billy Mumphrey]

If they rent, they won't pay property taxes. Corporations and business should get no tax breaks. It's that simple. If I have to pay full taxes, so should they.

[Towntalk]

And don't forget the 300 would be paying property tax that goes to support schools. Sure, not all of the 300 will be living in the city but education is education, no matter which side of the fence it falls on. (No matter which city they choose to live in.)

[jay]

Billy,  You may remember this one.

[Billy Mumphrey]

Yes. If corporations are considered "people" then they need to pay full taxes or employees should get a "tax abatement" as well.

[AllanY2525]

And those jobs come with another huge tax abatement that hinders schools and government. The 300 employees end up the only people paying their full share of taxes.

Billy,  are you saying that you would rather not see 300  good paying, I.T. positions
created in the city - 300 people paying city taxes, spending money at retail stores in the
area, etc?  The tax abatements are not 100%, so the company would still be paying some
taxes until the abatement period is over.

Any way you look at it, this would be a good thing for the city and the county......
abatements or not.

If any of these positions bring in people from outside the city/county to relocate
here,  and any of them should buy a home, then there would be additional
revenues in the form of property taxes.

[Towntalk]

Read and digest this article Billy.
http://www.vindy.com/news/2013/dec/18/former-mayor-addresses-senate-committee/

[Towntalk]

Here is the article:
http://businessjournaldaily.com/economic-development/decision-soon-nsp-downtown-project-300-jobs-2013-12-18

[Billy Mumphrey]

And those jobs come with another huge tax abatement that hinders schools and government. The 300 employees end up the only people paying their full share of taxes.

[AllanY2525]

NSP has received preliminary approval for the tax credits they have applied for,
and already has a location picked out in downtown.

This company may bring as many as 300 jobs, according to an article in the
Business Journal.  300 GOOD paying jobs.

Let's all keep our fingers crossed and hope the deal goes through....