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	<title>Cecil Times &#187; prinipio</title>
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		<title>Enterprise Zones, Winners/ Losers: Cecil County Council Falters, Ponders, Reverses Course</title>
		<link>https://ceciltimes.com/2019/10/enterprise-zones-winners-losers-cecil-county-council-falters-ponders-reverses-course/</link>
		<comments>https://ceciltimes.com/2019/10/enterprise-zones-winners-losers-cecil-county-council-falters-ponders-reverses-course/#comments</comments>
		<pubDate>Thu, 17 Oct 2019 23:21:59 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bill Coutz]]></category>
		<category><![CDATA[Bob Meffley]]></category>
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		<category><![CDATA[economic development]]></category>
		<category><![CDATA[Elkton]]></category>
		<category><![CDATA[enterprise zones]]></category>
		<category><![CDATA[George Patchell]]></category>
		<category><![CDATA[Jackie Gregory]]></category>
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		<category><![CDATA[North East]]></category>
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		<description><![CDATA[NEWS ANALYSIS Which retirement account investment option would you prefer: 100% of $100,000 or 70% of $1 million? Seems like a no-brainer: $100,000 or $700,000 in your later-years pocket. But it took a while for the fiscal lightbulbs to be turned on at a Cecil County Council worksession on Tuesday (10/15/2019), after Councilor George Patchell and the county’s economic development director flipped the light switch. As a result, Councilor Jackie Gregory (R-5) lost a vote to challenge individual projects proposed for inclusion in “enterprise zone” economic development plans, and some of her initial supporters on the panel changed course. By the end of the day, Gregory acknowledged the obvious and supported approval of the enterprise zone list at an evening Council legislative meeting. At issue was legislation to designate five properties to be included on an application to the state of Maryland for possible designation as “enterprise zones,” which provide temporary property tax abatements for land on which new economic development projects are developed. Fundamentally, the zones give temporary property tax breaks at the state and county level during the first 10 years of a project, while greatly increasing the taxable value of the land due to the new development [&#8230;]]]></description>
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