The Economic Incentive Program (EIP) is a formulated strategy that combines public sector, nonprofit, and private sector tools and talents to foster an engine for growth. The formula will be competitive and will require applications from the various existing and prospective business owners across Town.
The Town Council, after an objective review process, will then award one new business per year a grant that will subsidize rent for one (1) year, creating a rent-free location for a new establishment within Town.