May 18, 2015 at 11:56 p.m.
News brief: Council OKs abatements
Portland City Council
News brief: Council OKs abatements
Portland City Council on Monday approved tax abatements for Pennville Custom Cabinetry and Carrera Manufacturing.
Council also approved a $75,000 loan to Carrera Manufacturing. The loan will essentially be a grant that will not need to be repaid if Carrera invests and creates jobs as planned, Mayor Randy Geesaman said.
Rayanna A. Binder, director of Indiana Housing and Community Development Authority’s Blight Elimination Program, spoke about Portland’s progress in the program. Seven properties are approved for inclusion, with $15,000 per property for acquisition and demolition covered.
For more details, see tomorrow’s edition of The Commercial Review.
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