Richmond looks to attract growth with tax breaks, events
RICHMOND – In an effort to boost economic growth, the Richmond Village Board is trying to revive a tax abatement program and village-sponsored events.
The board approved the program three or four years ago, but hit a roadblock in implementing it when some other taxing bodies didn’t sign on, Village Clerk Karla Thomas said.
Under the program, qualifying businesses could apply for a three-year tax abatement to offset any rise in taxes from building or improving a property.
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