"In January, council members passed an alternative abatement schedule, which would allow council to approve a 75 percent abatement on projects that include a minimum investment of $3 million, the creation of at least 10 jobs, wages paid that are more than 50 percent higher than the state minimum and for the employer to provide health insurance to all full-time employees."
"Three tax abatements from two Richmond businesses both seeking to take advantage of the city's more liberal new alternative abatement schedule come to the Richmond Common Council on Tuesday night.
...
Wayne Dairy is seeking a 90 percent abatement for 10 years on two abatement requests, one on equipment and one on real estate, first submitted in October 2011. That project is expected to include a $12 million investment by the company and the creation of 11 jobs.
Perpetual Recycling Solutions is also seeking a 100 percent abatement for 10 years on equipment and real estate on their project, which calls for a $26 million investment and the creation of 55 job.
That abatement request was initially submitted to the city in December 2010."
http://www.pal-item.com/apps/pbcs.dll/article?AID=2012202190320
