Attracting New Businesses to Newtown Township
I'm often asked, What will you do to attract new businesses and new jobs to our municipality?
This is an important question because to maintain a low 4.5 mill property tax while providing the excellent services our residents have come to expect, the Township depends on business-related sources of income such as the Earned Income Tax (EIT Definition), which accounts for nearly 80% of its tax revenue!
As a member of the Newtown Board of Supervisors, I voted to create the Newtown Finance Committee, which is in the process of helping Newtown Township attract employers/jobs and pursue economic development.
I also supported the Township’s application for a matching $40,000 PA Department of Community and Economic Development (DCED Definition) grant to implement an Early Intervention Program (EIP Definition) that will assess the township's financial condition and identify additional sources of income, including attracting new businesses with high-paying jobs to Newtown (read “Newtown Township Seeks Grant to Assess Finances”).
I will continue to work with local business associations, the PA Department of Community and Economic Development and Newtown Township's Finance Committee to promote our community as a great place to establish businesses with high-paying jobs.
We Need This Kind of Promotion!
Posted on 12 Apr 2019, 01:15 - Category: Finances
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