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8.1. EDSR 01-21-2020
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8.1. EDSR 01-21-2020
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1/22/2020 8:48:03 AM
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City Government
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EDSR
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1/21/2020
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18 <br /> 18 <br />Since 2015, the city has approved $3.8 million in financial incentives, which leveraged $42.6 million in private <br />capital investment. Those projects receiving public assistance accounted for the retention of 379 jobs at an <br />average wage of $20.62 per hour and created 227 jobs at an average wage of $20.53 per hour. Over $35.3 million <br />of taxable value has been created by commercial/industrial projects developing over 64 acres of land. <br /> <br />In 2019, $100,000 in financial incentives were approved, resulting in just over $1.3 million in private capital <br />investment. Of the projects receiving financial assistance, the city assisted with retaining 16 jobs at an average <br />hourly wage of $20.62 per hour, and creating five new jobs at an average hourly wage of $18.80 per hour. <br /> <br />In 2019, five new commercial/industrial buildings were built or are currently under construction with a valuation <br />of $25,827,943 which includes the city’s new multipurpose facility. We also had 41 remodels and additions to <br />existing commercial and industrial businesses. <br />PROJECT TRACKING
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