Costco, day care facility will receive up to 60% each in tax breaks to build in South Windsor

Costco, which plans to build a 160,000-square-foot warehouse along Buckland Road, north of Evergreen Walk, will receive an annual tax reduction of 60%, or $270,319, for its first 10 years of business. Educational Playcare, a day care facility, will see a 50% tax break, or $37,769, on its planned $2.8 million building at 742 Ellington Road. The town’s “tax partnership program” encourages the development and expansion of businesses in South Windsor through tax and other economic incentives. The program is “designed to retain and attract businesses that will generate substantial additional tax revenues and employment opportunities while providing quality goods and services.”

https://www.courant.com/community/south-windsor/hc-news-south-windsor-costco-educational-playcare-tax-break-20190422-66zte7wg45eolcx3tizqvxv6di-story.html

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