The small town of Gilbert, Arizona, in Maricopa County is providing a framework that can be used by any city looking to provide an incentive for new business establishments.
Unlike cities like Tucson, in Pima Country, that seems to operate by the seat of their pants to the detriment of its future, the town council of Gilbert plan is to create a $5 million economic development reserve fund. They believe that “this will give the town the financial power to offer incentives aimed at attracting new businesses.”
According to Gilbert officials,” budget planners are changing the way they account for millions of dollars budgeted as contingency funding each year to encourage greater transparency and accountability in the budget process.”
Gilbert is a thriving community located close to Phoenix that is being already being chosen by many new enterprises, including a large medical center complex. The corridor that includes Gilbert is also home to the cities of Mesa and Tempe.
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