LOWER TOWNSHIP DISCUSSES TAX ABATEMENTS

Tax abatements for new businesses at the county airport could bring more jobs to Lower Township. Deputy Mayor Norris Clark presented a preliminary report from the township’s Economic Development Advisory Board at a Sept. 16 township council meeting. He noted Cape May County had the third highest unemployment rate in the nation. Clark said a tax abatement would be based on capital improvements made by a business over a five-year period. A tax abatement would be given on the cost of the improvements.

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