[RP TownTalk] Honey Bun Cake Factory

[Jonathan Ebbeler]

Andrew

Sorry if there was any confusion.  HBCF does NOT have any town money (at least as of May 2016 or due to the competition).  There was a Business Grant Competition which had co-sponsors with the County and Douglas Development.  The only monetary benefit they received by winning was the chance for a reduced rent lease agreement with DDC directly.  The Town's Business Grant Program would have come AFTER they had committed their own funds during build-out/opening.  The legislation has since been repealed by Mayor and Council last year but its core requirement was a minimum dollar-for-dollar match of any town-money to development money.

The matching requirement was put in specifically so that the program would not be a charity but an offset to communicate to the business that the local government was a supportive partner to local businesses.  Moot point now however, given that the program no longer exists.

JWE
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