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<br /> 92 <br /> Chamber of Commerce <br /> 512/396-2495 . P.O. Box 2310 . San Marcos, Texas 78667-2310 <br /> 202 C. M. Allen Parkway <br />Mayor Morris and Council Members: <br />The Board of Directors of the San Marcos Chamber of Commerce <br />unanimously supports a City Council resolution establishing the <br />terms and conditions of a Tax Abatement Agreement with Rohr <br />Industries, Inc.. <br />We applaud the leadership and efforts of City Council and those <br />of our city staff to encourage and foster needed economic <br />development in our city, especially during these crucial economic <br />times, to create new jobs and expand our tax base. <br />Many of our member businesses are experiencing difficult times <br />and need the economic impact generated by such a great project as <br />the Rohr HTA manufacturing plant. <br />Realizing that recruitment among cities in Texas, and across <br />America, is highly competitive for business relocations and <br />expansions, we must be united and aggressive in our efforts to <br />develop quality, controlled growth through successful economic <br />development. <br />Throughout America, public and private incentives are a critical <br />factor in economic development. Fortunately, San Marcos has many <br />advantages and has not found it necessary to offer large <br />incentive packages, which is often done by more isolated <br />communities. <br />The public and private incentives that have been offered, by the <br />City and San Marcos businesses, generate a win-win situation for <br />everyone. The short term tax revenues deferred by the City on <br />property improvements are insignificant when compared to the long <br />term direct and indirect economic benefits to our city. <br />While we may feel we have much to offer new businesses, the <br />bottom line to business is always the same; in selecting San <br />Marcos it must be a good business decision! The numbers must <br />work to make it a successful enterprise. <br />Thank you for your continued leadership and committment to <br />improve the economic climate of our city and the well being of <br />all our citizens. <br />Sincerely, <br />~ <br /><..-. . . i . /"'". <br />{/ .ç>.,-~ ~ C" 7/L/ ~~ <br />Janace C. Wade <br />Chairman of the Board <br />