Iola City Council members are keen on developing a policy to codify what incentives can be offered for new business development. Councilman Carl Slaugh has taken the reins to the endeavor, asking his fellow Council members for their thoughts on what should be considered when drafting the policy, which would require approval of the full Council’s approval…. The subsequent discussion covered several areas, from setting criteria to determine how much, if any, can be offered. Members pointed to such criteria as the number of employees or revenue generated from sales taxes or utility usage. Mayor Jon Wells said incentives, and criteria, also should differentiate on whether developers are industrial, commercial or residential.
Source: The Iola Register
