HOUSTON (AP) — Houston has approved new rules outlining additional community benefits companies seeking tax breaks for development projects will need to provide in order to get financial incentives from the city.
The new benefits — including improved training and affordable housing for the local workforce — are geared in part toward helping development in economically challenged communities.READ MORE: Sanger Man Killed After Shooting Involving Denton County Deputies
The discussion in Houston over its tax abatement program is similar to others being held in other cities around the country over how communities can get the most from programs that offer tax breaks to spur economic development.READ MORE: Supreme Court Doesn't Block Texas Abortion Law, Sets Hearing
In 2016, voters in Detroit passed an ordinance aimed at making sure developers get input from community members on benefits local residents would like to receive from companies in exchange for tax breaks.MORE NEWS: 'Passengers Are Next,' Current, Former American Airlines Workers Protest COVID-19 Vaccine Mandates
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