Consider updating the City’s Strategic Investment Program and retail incentive guidelines to maximize public benefit and return on investment from business recruitment and retention incentive structures according to the following order of preference:
- The prospective company pays for infrastructure and/or amenities and is reimbursed by the City as performance standards are achieved.
- The City pays for infrastructure and/or amenities, which the prospective company must repay if performance standards are not met.
- Direct, performance-based payments are made to the prospective company.