Limestone County Commission approves $1 million in incentives for Polaris
LIMESTONE COUNTY, Ala. (WHNT) – The Limestone County Commission met Monday morning for a special meeting to authorize an incentive for Polaris Industries.
Their contribution is $1,000,000 to reimburse Polaris for costs incurred on temporary office and training space. It will be paid in five annual installments of $200,000.
Members voted three to one to authorize a resolution to approve the move. Commissioner Ben Harrison voted it down.
“The central issue that I have with incentives of this type is that they rely on involuntary contributions of taxpayers instead of voluntary contributions of people that stand to gain the most from these types of projects,” said Harrison.
Chairman Mark Yarbrough emphasized Polaris will be bringing in nearly 2,000 jobs to the area.
“That means $75 million of new revenue for the Limestone County tax base that we don’t have right now,” Yarbrough said. “Today’s a good day for Limestone County.”