Avon Lake Gives Back $215K in Tax Revenue to Businesses
Distribution part of Job Growth Incentive Program
More than 130 Avon Lake companies are receiving checks this week courtesy of the new Job Growth Incentive Program. At a press conference Feb. 22, Mayor Greg Zilka handed out checks to (four) local businesses. Rebates, representing 25 percent of (income tax) collections for the 2012, were awarded to companies that posted a growth. In total, $214,448.72 was distributed to 133 Avon Lake companies. Those rebates spanned from $11.13 to Fifth Third bank (for its Avon Lake location) to $76,642.36 to Ford Motor Company headquartered in Dearborn, MI. Representatives from Hinkley Lighting, Marty’s Cycle Center, Emerge and Thogus were on hand to accept their company’s checks and give a few comments. Thogus (pronounced Tow-gus) is in expansion mode. …
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B. H.
9:47 am on Monday, March 25, 2013
There were at least 2 businesses that received rebate checks that moved out of Avon Lake and into Avon last year! Didn't anybody think to check on these details before they sent out the checks? I wonder if any of the recipients realize that by law, they will receive a 1099 tax form on that money? more ›