In light of the recent economic downturn, the Town of Frisco evaluated several incentive programs to assist local business owners and developers. Staff recently presented several options to council it felt might encourage new development, job creation and economic growth during the recession.
Town manager Michael Penny said the town feels it is important to find ways to help local businesses thrive during the economic downturn. He told council he used to think there wasn’t much they could do to encourage things like economic diversity and vitality, but is starting to think differently after examining what other communities have done. Town staff studied incentive programs in several Colorado towns, including: Wheat Ridge, Lakewood, Boulder, Vail, Englewood, Denver, Parker and Castle Rock. Executive assistant Theresa Paul said the communities’ agendas are all different and specific to the individual economic climates, but are all similar in concept. In considering each objective, Paul said the town would want to avoid any additional direct costs.
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