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Humboldt considers $200K abatement for new business

Facility would provide 13 jobs

May 21, 2013
By ROBERT WOLF (editor@messengernews.net) , Messenger News

HUMBOLDT - The Humboldt City Council gave its backing Monday to offering a new business $200,000 in tax abatements to locate in Humboldt.

"The Humboldt County Development Association is in talks with a business prospect that is potentially building a facility in Humboldt that will produce agricultural tanks made of fiberglass and steel," City Administrator Aaron Burnett said.

The agreement would be for slightly more than $200,000 in tax abatements over a 10-year period. The state is also offering considerably more incentives than the city to locate in Humboldt, Burnett said. The discussion has been ongoing for two years.

"If it comes to Humboldt it will employ 13 people" he said. "I know this is incredibly vague but it is an ongoing development issue."

Burnett brought the matter to the council, he said, because there needs to be some assurance made to the business that the council has considered the offer and understand there would be $200,000 in tax abatements.

"The total property value they will have will be about $1.3 million," Burnett said.

If the business does come to Humboldt, the plan is to place it in its own urban renewal area so property taxes can be used for future developments in the area, Burnett said.

Councilman Darrell Rusher said he was in favor of doing whatever it takes to bring the business to town.

Councilman Joel Goodell was also in favor.

"That's why we are doing everything that we are doing, to bring in more business," he said.

In other business, the council:

 
 

 

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