Wilton to negotiate new TIF district
By Kaitlin Schroeder, Morning Sentinel, Waterville, Maine | |
McClatchy-Tribune Information Services |
Selectmen are consulting with the town attorney and the attorney of
"I think we should have done this a long time ago," Selectman
Barclaycard announced last August that it is expanding and would bring 100 new jobs to its call center in the town by the end of the year and another 100 next year, increasing the total number of its Wilton employees to 350. The company said it would not disclose the pay rate for the new employees but said the jobs come with dental insurance, health insurance and a retirement plan.
Expansion of the call center, at
Selectwoman
Wilton already has two TIF districts: one covering the
In a TIF district, as the developers expand and add value to the site, additional property taxes are sheltered in an account earmarked for economic development.
A credit enhancement agreement allows the town to take some of the money and direct it back to the business doing the development so it can work on additional development, according to the
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