(A) Stimulate economic growth in the city by assisting with the retention and growth of the existing industrial and commercial base, providing needed financing to new start-up businesses, encouraging the development of minority and female owned businesses and providing an incentive for out-of-state businesses to relocate to the city.
(B) Assist new or existing businesses to create and retain jobs.
(C) Insure that jobs created or retained by business applicants benefit a minimum of 51% low-to-moderate income persons in the area with preferential consideration given to persons who reside within the city.
(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.
(Ord. 2003-5163, passed 6-17-2003)