Retail Incentives

Incentives for New and Expanding Retailers

New Retail Businesses locating in the City of Thomasville

Basic Criteria:
1. Brick and mortar location
2. Employees must be physically employed in the Thomasville location
3. Must have a projected annual retail gross taxable sales of $1.5 million or greater
4. Project must employ five or more full time employees and have a minimum $500,000 capital investment including property, building, equipment, and renovation.

Incentives:
1. Qualifying projects will be considered for rebates of up to fifty percent (2% for retail; 2% for restaurants) to the property developer or retailer of future city sales tax receipts. The number of years this incentive/rebate will be given will be dependent on amount of initial capital investment, estimated yearly taxable retail sales, and overall impact of project to the Thomasville market.
2. All projects will be subject to a project agreement which will be implemented by resolution approved by the Thomasville Industrial Development Board and the City Council of the City of Thomasville.
3. Any project not meeting the full requirements of an approved project agreement each year shall forfeit their rebate.
4. City will consider waiver of building permit fee
5. City will consider waiver of water and sewer tap fee

Existing Retail Businesses wishing to expand in the City of Thomasville

Basic Criteria:
1. Brick and mortar location
2. Employees must be employed in the Thomasville location
3. Project must employ three or more additional employees with the expansion (at least two must be full time positions)
4. Retailer must have been in business in Thomasville for three or more years and have gross annual taxable sales of $500,000 or more as reflected in the previous twelve months reported sales to ALATAX (City of Thomasville’s sales and use tax collection agent). The twelve month reporting period will correspond with the City’s budget year. (October 1st through September 30th). The number of years this incentive/rebate will be given will be dependent on amount of initial capital investment, estimated yearly taxable retail sales, and overall impact of the project to the Thomasville market.

5. Business must meet the criteria as set out by Resolution of the City Council each year to qualify for the incentive/rebate.

 

 

 

City of Thomasville
Post Office Box 127
Thomasville, Alabama 36784
Ph (334)636-5827