By Becky Pallack | Arizona Daily Star
The Tucson City Council is ready to use a package of tax incentives to help bring a major employer to Tucson, voting to join Pima County in offering more than $6 million in tax breaks over 15 years.
Massachusetts-based HomeGoods is looking at Tucson and a couple of other cities as locations for its new warehouse and distribution center, which would open next year with 410 jobs.
The company has made an offer on property near the airport, 3649 E. Corona Road, but hasn’t closed on the sale. A letter from HomeGoods’ agent to the city indicates the company is under contract on the property.
To seal the deal, area governments are using two kinds of incentives: a payment in lieu of taxes incentive and a jobs incentive. Combined, they are worth more than $1.5 million in tax breaks in the first year.
