HATTIESBURG, Miss. (WDAM) – In a regular Monday work session, the Hattiesburg City Council members heard a presentation about the economic impact of large manufacturers in the Hub City.
Local Impact Analytics, a third-party consulting firm, made the annual presentation. Co-founder and analyst Josh Sullivan explains that the information helps the council evaluate companies for tax abatements.
An abatement is a tax reduction or tax exemption given to companies, often as an incentive to come in to or expand in a city.
“We’ve worked with the city for a long time. They’re a great partner of ours. And they brought us in today to do an analysis of the economic impacts. That’s the economic activity and the number of jobs created by the manufacturers in the Hattiesburg community,” says Sullivan. “So they had us do an analysis of that and present it before the city council so that they could use that as a tool as to whether or not…