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Wednesday, January 16, 2008

Cole Idea For Small Businesses

Councilwoman Laketa Cole's behind a proposal to lower to $40,000 the investment amount required to trigger eligibility for a commercial or industrial tax exemption. The required amount is $100,000 now.

Cole hopes more small businesses would be able to take advantage of the Community Reinvestment Act exemptions.

Council passed the change Wednesday night. Cole said she and the city administration had been working on it since 2006.


2 Comments:

at 11:08 PM, January 19, 2008 Anonymous Realist said...

Fightin' Laketa Cole is too dumb to come up with this idea on her own.

 
at 12:52 AM, January 21, 2008 Anonymous In the red corner - Laketa Cole! said...

Agreed - Cole is a blooming idiot.

 
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