The East Ridge Industrial Development Board has approved development agreements with two retail operations in East Ridge’s Border Region Development District.
The city now has more than a dozen development agreements with retail and hotel properties in the zone, which was approved by the Tennessee General Assembly in 2012.
Within the zone, which comprises most of East Ridge, developers approved for the program can recover the capital cost of improvements made on their site by receiving a portion of the state sales tax revenue increases generated by the improvements.
The board Thursday approved a development agreement with Kelley X-Ray, a business that sells and services X-ray equipment for hospitals, medical offices and veterinary clinics.
Kelley X-Ray President Colin Kelley relocated the business to property in the East Ridge Border Region District at 1500 Fruitland Drive, where he expanded the sales floor by 35% in accordance with the Border Region statute, City Attorney Mark Litchford said at the Industrial Development Board meeting Thursday.