EconoMeter: Should we subsidize industries like breweries?
Question: Is it good local economic policy to subsidize particular industries, such as breweries?
My Answer: YES
If particular industries mean all indudtries then the answer is for sure! The meaningful difference in this growth/expansion incentive is that it is paid development fees that are reimbursed over time only after all goals have been met. If the breweries don’t grow and increase their city taxes then their paid fees will only be returned to them in proportion to their paid taxes. I agree with Councilman Mark Kersey when announcing this new program, he said We need to be looking for other niche industries like this and supporting them with similar agreements. Not just breweries but all industries.
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