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Mount Vernon Mayor Introduces 'Ground Floor' Tax Breaks For Businesses

Mount Vernon Mayor Richard Thomas has introduced a new tax incentive for businesses located on the street level of buildings.
Mount Vernon Mayor Richard Thomas has introduced a new tax incentive for businesses located on the street level of buildings. Photo Credit: File

MOUNT VERNON, N.Y. -- Mayor Richard Thomas has announced his latest initiative aimed at spurring economic development and revitalizing Mount Vernon's downtown.

In his role as chairman of the Mount Vernon Industrial Development Agency, Thomas has directed the agency to evaluate the creation of a "ground floor" tax incentive for businesses.

The incentives, special tax breaks for retail establishments that are located on the street level of buildings, are intended to help retailers thrive and encourage walkability and connectivity for downtown residents.

"Mount Vernon must create a dynamic, walkable downtown in order to thrive in the 21st century,” Thomas said. “Encouraging our ground floor retail space is crucial to our continued economic development. A walkable city attracts talent, strengthens community bonds and allows the city to be a healthier, safer space.

“The mission of the Mount Vernon Industrial Development Agency is to enhance and strengthen economic vitality for the people of Mount Vernon. As chairman, I seek to expand the scope of this agency beyond traditional tax incentives and create new ways to encourage economic growth by developing new policies."

The ground floor tax break will be considered at the next regularly scheduled  meeting of the Industrial Development Agency, scheduled for Friday, June 17, at 2 p.m. in the mayor's conference room at Mount Vernon City Hall.

The public is encouraged to attend the meeting. Thomas will consider written comments, as well.

Written comments can be mailed to Chairman Richard Thomas, Mount Vernon Industrial Development Agency, 1 Roosevelt Square, Mount Vernon, NY 10550, or sent via email to MayorThomas@cmvny.com.

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