Holding Businesses Accountable

Cities across the Coast welcome development and new businesses in with open arms, especially after Hurricane Katrina destroyed many businesses.
When a new business wants to get its start in Biloxi, the city has a program to allow tax exemptions for up to five years. The cut is 50 percent off of property tax to be exact. That tax cut is dependent on whether or not the business blends well with the community and creates a certain number of jobs.
Now, Mayor Andrew ‘FoFo’ Gilich says he is taking a closer look at businesses in Biloxi and making sure they are keeping their end of the bargain. “We’re trying to hold the line on these incentives and making sure that we have a little bit of horse trade and we’ll get some horses back. So the different components of it would be the creation of jobs which helps recover some of that tax money which we’ve relieved the investors for.”
Thirteen properties received up to 100 percent forgiveness for up to seven years through Post-Katrina Hospitality Commercial Incentive. Mayor Gilich says he will take a look at those businesses to make sure they’re continuing job creation as well.
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Categories: Local News, News

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