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Tax incentive policies expected to go before Chattanooga City Council

Staff file Photo by Matt Hamilton / Kordsa, seen in 2022, earlier benefitted from a tax incentive agreement.
Staff file Photo by Matt Hamilton / Kordsa, seen in 2022, earlier benefitted from a tax incentive agreement. Staff file Photo by Matt Hamilton / Kordsa, seen in 2022, earlier benefitted from a tax incentive agreement.

By Mike Pare 4 min read

Possible new tax incentive policies to woo businesses could finally go before the Chattanooga City Council, though some questions were raised Monday about the measures.

The long-discussed policies could include letting the council delegate approval to the city’s industrial development board of some agreements with a term of 10 years or less, Adam Myers, of the Chattanooga Area Chamber of Commerce, said at a development board meeting.

(READ MORE: PILOT policies could speed up incentive deals)

Also, questions were brought up about potentially building in provisions to help spur businesses receiving incentives to hire local construction companies.

“I think we’re missing a huge opportunity,” Jimmy Rodgers, a development board panel member, said at a meeting.