City adopts commercial tax abatement policy

Pipestone City Council members during their July 20 meeting approved a commercial tax abatement policy. Mayor Dan Delaney said the policy is intended to serve as an incentive to bring new businesses to the city. “That’s something that we haven’t had in the past,” he said. “There’s tax abatement available for housing and development, but we didn’t have anything for new business. It’s a great incentive to try to get new business into the area.” According to the policy, the city will consider using tax abatement to help enhance and diversify the city’s economic base, encourage additional unsubsidized private development,... Article Link