Dear Mayor Jakubeit and council, I know that you realize that the industrial sector is the prime mover of our local economy, annually bringing in millions of outside dollars and generating hundreds of well paying jobs for people and their families; families that buy homes, pay additional taxes, send their children to our schools and shop locally; all critical to a vibrant, local economy.
Policies and programs that you implement to strengthen and encourage the industrial sector generate an economic double win for Penticton.
In that regard, on behalf of our industrial sector, I would like to convey our appreciation to you for adjusting the commercial property tax surcharge this year and encourage you to continue your plan of the phased move to the target surcharge of 1.5 times the general tax rate.
Combined with proposed positive changes to the electrical rate structure and other initiatives designed to improve Penticton’s climate for industrial businesses, you are providing an indispensable foundation for the growth of the existing industrial base and the attraction of new activity.
In doing so, you are providing for the growth of the local economy; our schools, our college, local amenities, shops, restaurants, airport and so many other facets of our community.
You are providing a better and brighter future for all of us.
Frank J. Conci
President of the Penticton Industrial Development Association