Comment 29721

By UrbanRenaissance (registered) | Posted March 25, 2009 at 15:49:04

No need for anger Steel, the law of averages just caught up with A Smith and he made his usual point in a discussion where it actually applies. Decreasing the tax rates for businesses is an easy way to encourage industry to come to Hamilton. It wouldn't have to be an across the board, permanent property tax cut necessarily, it could be a short term tax rebate for desirable industries, or for any company who meets certain criteria (i.e. taking over and refurbishing brownfield lands or currently neglected and vacant buildings or meeting certain environmental standards). Lowering tax rates is the main weapon in the city's arsenal for attracting new industry and it along with the others (like our proximity to the border, airports, highways and one of the best deep water sea ports on Lake Ontario) should be exploited as best we can if we're going to bring new businesses to this city.

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