(A) Stimulate economic growth in the city by assisting with the retention and growth of existing industrial and commercial base, providing needed equity to new start-up businesses, encouraging the development of minority and female owned businesses and providing an incentive for established businesses to relocate to Kewanee.
(B) Assist new or existing Kewanee businesses to create and retain jobs.
(C) Ensure that jobs created or retained by business applicants benefit a minimum of 51% low to moderated income persons in the area.
(D) Increase the city property tax and sales tax base.
(E) Provide businesses with the opportunity to expand.
(F) Encourage and leverage loans to businesses by area private financial institutions.
(Res. 4309, passed 5-27-03)