The Town of Griswold ('Town") recognizes that it exists
in a global marketplace and therefore elects to use authority granted
it by the State of Connecticut to expand and diversify its commercial
tax base by retaining existing businesses that want to expand and
by attracting new business and investment into the community. Toward
that end, the Town has developed this Business Incentive Policy Ordinance
("article") as an economic development tool to promote high quality
economic development projects that contribute jobs or tax base increase
or both.
This article is adopted under authority of C.G.S. §§ 12-65b
and 12-65h, which each authorize the Town, following a vote by its
legislative body to do so, to enter into agreements ("agreement")
with applicants eligible under the terms of said statutes and of this
article to provide specified forms and amounts of tax relief for prescribed
periods of time.
The following types of projects are eligible for consideration
under this article:
A. Under C.G.S. § 12-65b:
(4) Warehouse, storage or distribution use.
(5) Information or technology.
B. Under C.G.S. § 12-65h:
(1) Manufacturing facility, as defined in C.G.S. § 12-81(72).