Jeff Branscome writes about Spotsylvania County.
Expanding Technology Zones
On Tuesday, the Board of Supervisors will discuss expanding the technology zones as much as including the entire primary settlement district.
On April 27 some supervisors thought it might be a good idea to add the Spotsylvania Regional Medical Center area into a technology zone. Supervisors also discussed making the entire large swatch of land called the primary settlement district as a technology zone. Right now, the county has three tech zones, which provides rebates on the BPOL and tools and machinery taxes if the business qualifies. The businesses also get their applications reviewed quicker than other non-qualifying projects.
Although there hasn’t been any huge success story with the technology zohnes yet, outgoing Economic Development Director Russell Seymour says they are good marketing tools for prospective business.
The presentation here doesn’t really provide much detail or information of what it could cost the county in loss business tax revenue if they expand the zones.