One month in office and Economic Development Director Rick Langford has already received his first request for business assistance.
The Henrietta Growth Corporation reviewed the request Monday night, but chose to take no action until it could determine how sales tax collected by a service with customers in other cities is divided. The board will again look at the request in a special session Feb. 6.
Lawn Rescue, a lawn service located in Wichita Falls, brought the request to Langford. Kevin Scholl, who wants to relocate the business to Henrietta, owns the business. Scholl is a resident of Henrietta.
Lawn Rescue is asking for a performance-based incentive plan that would cover approximately half of the cost of constructing an insulated metal building and concrete slab for the storage of equipment and supplies. If awarded, the funds would not exceed $5,500. Scholl plans to build the structure on his property.
Langford said the business would create three part-time positions. Langford said Lawn Rescue currently grosses approximately $70,000 annually, and projected it to reach $85,000 in two years.
The board did approve a budget for fiscal year 2012. The fiscal year runs from October through September, but because it was without and economic development director from spring through December, no budget was created.
The set budget is $296,000.
The largest items in the budget are for business assistance, $110,000; special projects, $60,000; and a contingency fund of $32,250. The budget also includes $5,000 for the façade grant program.
The salary for economic development director is $60,000 with a car allowance of $4,800 and payroll taxes of $5,200. The budget includes $5,000 for training and travel, which Langford said would decline in future budgets as he completes the required learning. Some $6,500 is budgeted for advertising and promotions with another $800 going to web site maintenance.
The HGC scheduled a regular meeting date through the remainder of the fiscal year, and will meet monthly the first Monday each month.