A lack of development at the SYSCO property continues to frustrate Hamlet officials. Beverage manufacturer Common Collabs is planning to set up operations in Knox, creating up to 80 jobs in the coming years. Ron Gifford with the Starke County Economic Development Foundation told the Hamlet Town Council Wednesday that the company was also shown the Hamlet East Industrial Park.
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Knox City Council members considered a resolution Tuesday night that sets the deduction percentages for the real estate and personal property tax abatements that were approved for JW Hicks. Continue reading
As the Treasurer of the Knox Redevelopment Commission, Jeff Houston is required to submit an annual update to the fiscal body regarding the commission and the City’s Tax Increment Financing (TIF) Districts prior to April 1st each year.
When Knox City Council members met last Tuesday on March 27th, Houston reported the city has two TIF Districts; the Original TIF and the Industrial Park TIF.
He explained that in 2017, the original TIF fund received about $101,363 in revenue and nearly $36,979 was paid out in expenses. On the other hand, the revenue received in the Industrial Park TIF District remained the same as no expenses were paid out, according to Houston. Continue reading
