From Deseret News archives:
Town is pitching for firms
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As part of an incentive package, the city is working to establish a Community Development Area, which, under Utah legislation, would allow the town to return property taxes to potential redevelopment projects. The city is also considering waiving impact fees or discounting the city-owned utilities for qualifying companies.
To determine how much incentive Eagle Mountain should consider giving to potential companies, city employees are studying a cost analysis of how much money the city would gain or lose by the presence or absence of certain businesses.
Spencer said the semi-remoteness of the city is a challenge that must be overcome, as well as traffic congestion on S.R. 73. But the rapid growth of the city, whose residents have a median age of 13 years old, can also be appealing, Richardson said.
E-mail: achoate@desnews.com
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