Tax incentive helps bring Buckeye Sports Center to Huron

Huron City Council members recently approved a tax abatement for Buckeye Sports Center’s new brick-and-mortar location; the agreement “forgives 100% of all property taxes for new development for a 15-year period,” the Sandusky Register reports. As part of the deal, Buckeye Sports Center “agreed to provide payment to Huron Schools and EHOVE Career Center for the amount of taxes they normally would have received if there wasn’t an agreement in place,” Huron City Manager Matt Lasko said in the article. Lasko commented, “[w]e believe that it’s critical for local communities to look for ways to incentive companies to help offset their construction costs to ensure the long-term viability of the company after opening.” For more, read the full article

Economic Development, Financial Incentives, State Updates