NORTH KINGSTOWN—After a lengthy discussion, the North Kingstown Town Council decided to continue the first reading of newly proposed amendments to the town’s tax incentive program to include retail. The ordinance changes, proposed by the Economic Development Advisory Board, aim at attracting more retail ventures into the town’s more depressed areas, such as Post Road.
At the Sept. 9 town council meeting, EDAB chair David Caldwell, Jr. argued that changing the town’s current incentive program to include new construction on existing sites, as well as retail space, would bring more business into the area.
“It is a little fuzzy in what is considered a new construction and, as a developer during the course of construction, I can expect a visit form the tax assessor a few times depending on what is built,” said Caldwell at the time. “In our opinion, this is a fairly modest incentive, and you would be giving a benefit to say ‘hey, if you are looking to build something new on your building, we will throw the carrot out there to make things a little more friendly.”
Read more about it in the Sept. 26 edition of The Standard-Times.