The Canal Fulton Job Creation Program (the Program) is designed to attract new for-profit businesses to the City or to expand existing for-profit businesses already located in the City. A monetary discretionary grant is available if the business meets and maintains eligibility requirements and if the business will be or is located on light industrial or commercial property. The move into the City or the expansion of the existing business must result in new jobs. The available discretionary grant is in the form of an annual payment made to the business by the City equal to the portion of the income tax paid as a result of the new jobs created. This will be a one-time program for businesses whether they are new or existing.
(Ord. 41-21. Passed 12-21-21.)