Wednesday, October 11, 2006

Latricrete International ... possibly coming to West Haven?

... ok, it's a long shot, and depends upon Bethany not keeping the manufacturer of ceramic tile and stone installation systems who has been doing business there for 50 years. Basically, a proposal to offer competitive tax incentives to area businesses has been proposed in a unanimous vote by the Board of Selectman; ultimately this must be approved at a town meeting, and the Board of Finance must approve the incentives on a business by business basis, which I suspect it is likely to do for a business of this longevity.

However, Laticrete is/was looking at West Haven as an alternative. From an Orange Bulletin article:
"Laticrete came to me because it wanted to expand and was looking at other areas specifically the Bayer site in West Haven and Progress Industrial Park in Waterbury because those sites are close to major highways," [First Selectwoman Derrylyn] Gorski said.

"Those towns were offering them tax incentives of a 50 percent abatement for five years. We're offering them 30 percent for five years," Gorski said explaining she was able to offer less because those municipalities have a higher mill rate than Bethany has.

Gorski said Latricrete International, a company that has been doing business in Bethany for 50 years, has proposed a $12 million expansion.

Gorski said the ultimate decision on the tax abatement rests with the Board of Finance but she would like to see the maximum benefit allowed by state statute of 50 percent be offered to allow Bethany to compete with other towns.
There's another interesting point in the article, also made by First Selectwoman Gorski:
Gorski said businesses do not increase the level of services the town must offer.
"Businesses use virtually no services. Residents get curbside pick-up but businesses don't," Gorski said as an example.

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