Companies interested in the bonds must essentially meet the same criteria as those requesting tax incentives. Generally, the bonds allow the company to secure a lower interest rate for financing a project. These job creation benefits aid companies by providing credits for sales taxes, job creation income taxes and investments. State programs also aid companies with trade show grants, foreign trade zones, and workforce training. For manufacturing firms, Spring Hill has rebated a portion of the city s utility franchise fees.
Usage determines the city s offer for reductions.
Corporate incentives are offered by many of the utilities and services within the community. For example, Burlington Northern Santa Fe Railroad has worked with manufacturing firms needing railroad access by assisting them with construction of rail spurs. City fees collected for inspections, building permits and utility connections can also be adjusted. In most instances, these fees are only waived if the company agrees to have their architect certify the project s compliance with the applicable codes. The city council has also considered non-traditional measures as incentives.