(A) The city hereby declares that improvement of the quality of life for citizens in the city is an important public purpose, goal and objective, and that as part of its effort to meet that objective the city must:
(1) Recognize the importance of a growing and expanding economy;
(2) Create programs to foster an atmosphere that encourages economic development; and
(3) Provide incentives for the creation of new jobs in the business and industrial zoned areas of the city.
(B) In order to satisfy the needs and take the action identified herein, the city has determined that it should create a program to offer employee payroll tax withholdings rebates to job creation prospects on the Ashland taxable wages directly created by such project.
(Ord. 2-2014, passed 12-12-13)