Oz

Following on the last post, the rest of Freeport's business community's contribution to town revenues, if we accept FEDC's 30 percent figure, is $647,299, or 6.7% of the total. Town spending on promotion of that sector through contributions to FEDC, the Chamber of Commerce, and Freeport USA, which are all private corporations, was $115,000, or a little less than an 18% return on that investment tax rebate. Now that's smart business, for those on the inside. Whether it's smart for the rest of the taxpayers is another question.