Cookeville IDB Discusses Ways To Target Non-Compliance
The Cookeville Industrial Development Board discussed Wednesday ways it can address companies that are non-compliant with their Payment in Lieu of Taxes (PILOT) agreements. Putnam County Property Assessor Steve Pierce said Ficosa, Milwaukee Tools, and SAIC are the only three companies not meeting their obligated employment numbers established in their respective agreements. He added that […]
Perdue Working With IDB To Finalize Departure, Money Owed
The Cookeville Industrial Development Board met with a Perdue representative Wednesday to discuss the details of completing the plant’s departure from Monterey. The board had questions on whether there are any other amounts owed by Perdue due to a couple of provisions included in the lease. Board Attorney Kent Moore said one provision in the […]
Board To Look At Possible Changes To Business Incentives
The Cookeville Industrial Development Board will meet Wednesday to discuss incentive changes designed to attract more businesses. Cookeville Industrial Development Board Chairman Bob Bell said the board currently offers PILOT (Payment in Lieu of Taxes) and TIF (Tax Increment Financing) incentives to attract businesses and boost economic development. Bell said the board is updating its […]
Cookeville Hires Billings As New Economic Development & Grant Coordinator
Cookeville’s Community Development Department has a new Economic Development and Grants Coordinator in Matt Billings. Community Development Director Jon Ward said Billings takes over an expanded position following the retirement of Melinda Keifer in 2022. Ward said Keifer has been retained as a part-time consultant to help smooth the transition, but Billings is getting up […]
