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<p class="MsoNormal">Andrew<o:p></o:p></p>
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<p class="MsoNormal">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 The legislation has since been repealed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.<o:p></o:p></p>
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<p class="MsoNormal">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.<o:p></o:p></p>
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<p class="MsoNormal">JWE<o:p></o:p></p>
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