Chattanooga Mayor Andy Berke today unveiled a new incentive for expanding small businesses which he said can bolster job growth in the city.
Berke said if companies add five or more employees, the business will receive a $500 per worker credit.
“It’s a way to incent small business growth,” the mayor said as he rolled out the Grow Small Businesses credit initiative at the Chattanooga Area Chamber of Commerce.
Berke said companies must be 100 employees or less to quality and the program is to start July 1.
He said plans are to provide a yet-unspecified amount of money into the city budget for the effort. Qualified workers must work for a year before the company receives the cash incentive, Berke said.
See more in Friday’s Times Free Press.
Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...