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SUBJECT: BUSINESS ASSISTANCE PROGRAM REVIEW AND ANALYSIS <br />DATE: JUNE 7, 2019 <br />PAGE6OF6 <br />• Which BAP incentive components (sales tax rebate, permit fee rebate, <br />construction use tax rebate, consumer use tax rebate) are available for City <br />Manager approved projects? <br />FISCAL IMPACT: <br />Because all financial assistance under the program is a rebate of taxes and fees paid, <br />the City has no annual budgeted amount for the program and incentives are intended to <br />be offset by the additional revenue resulting from business retentions, expansions or <br />relocations that happen in Louisville. <br />RECOMMENDATION: <br />Staff would like the Finance Committee to discuss the BAP program, its results, and <br />potential modifications. <br />ATTACHMENT(S): <br />1) Business Assistance Policy, M.C. Section 3.24, redline for potential modifications <br />2) Current BAP Application Form <br />CITY COUNCIL COMMUNICATION <br />13 <br />