In an effort to provide incentives to draw businesses to Louisburg, the City Council approved an economic development incentive policy at its Jan. 17 meeting.
Having the policy in place will allow businesses interested in coming to Louisburg to know what incentives are available ahead of time, making it so the city does not have to come up with possible incentives on a case-by-case basis, which could be viewed as ethically questionable by some.
Nathan Law, city administrator, said adopting the policy just levels the playing field for all businesses who express interest in Louisburg. Once a business does indicate interest, the business can ask what incentives might be available and now can be directed to the city’s economic incentive policy.
(Read more: The Miami County Republic)