Economic Incentive Policy

June 3, 2010 1:25 AM  

Lake in the Hills has impressed us by recently adopting a new Economic Incentive Policy which provides perks to certain businesses on a case by case basis for opting to locate in their commercial corridors. About 640 business licenses will be issued in LITH in 2010 and $2.7 million in sales tax is expected to be generated. Dan Olson, Director of Community Development spoke at the June 1 monthly meeting of McHenry County Commercial brokers and mentioned how successful this program was when they did it for Costco in 2003 with a sales tax sharing proposal.
We wish more communities put their minds to incentivizing businesses to move there. For more information contact Dan Olson at:
dolson@pith.org or call 847-960-7440.