County approves tax break, incentives for Sikorsky Aircraft Corp.

Palm Beach County commissioners unanimously approved a three-year property tax break of up to $128,575 for Sikorsky Aircraft Corporation, which has promised to make a $10.3 million capital investment and create 14 full-time jobs.

Commissioners also approved a $18,200 economic development cash incentive to Sikorsky.

A pair of residents opposed the tax break and incentive, but commissioners said such assistance is necessary to compete with other communities for jobs and economic development.

Check with http://www.mypalmbeachpost.com later today for more news from this county commission meeting.

Palm Beach County Commissioners vote 7-0 in favor of nearly $147,000 in assistance to Sikorsky Aircraft Corp. (Allen Eyestone / The Palm Beach Post)

Palm Beach County Commissioners (Allen Eyestone / The Palm Beach Post)

Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS