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How do explain the apparent success of towns like Plainfield and Brownsburg? They actively used tax abatements and other economic development incentives to encourage companies to locate there. It appears that over the long term this has provided them great revenue to utilize for civic infrastructure such as parks, trails, school growth, etc.
They are/were the next spots in suburban development. One located closest to the airport and on a major interstate the other on an interstate. If the developers and the city councilors/redevelopment commission members had to sign the “but for” test under penalty of perjury, that I would not have developed or bought this property but for tax incentives, I would guess most of the decent ones would not sign. However, it is a legal opportunity to lower your tax bill, why not? These places would have developed despite tax incentives, but it really does call into question whether Daniels was wrong to arbitrarily distinguish between different classes of property tax payers, because most of the developers end up lowering their tax rates back toward the 1% cap for residential. Cut out the middlemen and life will continue fine.
Hancock County beware – once that Distribution Center i9s built, Wal Mart will start telling you how to run the County. Talk to any Wal Mart supplier. Once you start doing business with them it is their way or you are out.
Suppliers who pay the freight charges for shipping to Walmart Inc.’s U.S. distribution centers must fulfill orders exactly as Walmart wants, hit the company’s “must arrive by” date at the designated DC, and accomplish both at least 98% complete order and on time delivery or face a fine equal to 3% of the cost of goods sold. The directive applies to purchase orders supporting both brick-and-mortar and e-commerce transactions. By requiring suppliers and carriers to hit uniform targets regardless of the goods being shipped.