In hopes of creating 50 new jobs in the city of Richmond, the commissioners approved an order authorizing the city to grant tax incentives to Project Mustang, a manufacturing company with an existing plant in another city that is looking to expand.
In order to do so, the business has applied to the Kentucky Cabinet for Economic Development for tax incentives through the Kentucky Business Investment program (KBI).
Therefore, the city approved an order that would forfeit 1% of the occupational license and payroll tax as to the approximated 50 jobs that would be created by the company.
The incentive will be governed by the KBI program, and the forfeiture of the tax will cease in 10 years.
"This is a company that is looking at Richmond, so this order is part of the process of KBI, so it will help the company proceed with the state assistance," David Stipes, the director of economic development in Richmond, said Tuesday evening.
In other business, the commission aims to make Richmond the "most accessible city in the commonwealth" in years to come, according to Commissioner Jason Morgan.
This goal stems from the upcoming addition of an all-inclusive playground coming in the spring and a new accessible boat ramp at Lake Reba.
The dock and kayak launch will replace the existing dock at the park thanks to the Kentucky Department of Fish and Wildlife and State Rep. Deanna Frazier (R-Richmond), who presented the idea at the state level.
"I am excited to bring this to you all," Frazier said at the meeting.
She said this is the second city in the commonwealth to have the ramp which will allow for those with disabilities to easily enter and exit.
The city will provide 25% of the project cost, not to exceed $20,000. Frazier says the ramp should be installed by the first of the summer.
"I think we are trending in the right direction for accessibility," Morgan said. "Within five years, we could aspire to be the most accessible city in the commonwealth."
• The city accepted the dedication of several streets as public ways in the AshPark Subdivision.
• The first reading of ordinance 19-24, the food truck ordinance, was approved.
• Stuart Adams' retirement from the Richmond Police Department was approved.