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arcturus

Founders Brewery wants tax abatement

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Business is booming but Founders still wants a financial break for expansion.

http://www.mlive.com/news/grand-rapids/ind...eyes_expan.html

Standard business procedure in normal times but whether the city can afford it during tough recessionary times doesn't seem to phase the owners. Maybe they see stimulus $'s flowing to GR to afford it.

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Usually in these situations, what the city loses in property taxes they will make up for in city income tax (which is where the city gets a big chunk of its revenue anyway). What will be interesting is how the county responds to this request, since the county relies heavily on property taxes, not income tax.

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Yes, very interesting as Founders is going to stay put (and will probably expand) regardless. Their location is a goldmine and they know it.

Have they received any public financial assistance in the past?

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