Boulder OKs tax rebates for American Rec
The rebates are part of the city's economic vitality program to encourage companies to stay in Boulder rather than to move elsewhere. City manager Jane Brautigam authorized rebates to American Rec for sales and use taxes and permit-related fees, according to a city press statement.
"American Rec's decision to expand its operations in Boulder allows the city to be home to the company's 10 major outdoor industry brands, strengthening Boulder's outdoor industry sector," Brautigam said in the statement.
American Rec recently remodeled its office at 6235 Lookout Road in Gunbarrel to accommodate growth, after purchasing the women's apparel company Isis. Isis moved to Boulder from Burlington, Vermont, recently.
Under the city's flexible rebate program, the city manager may consider specific business incentive packages of tax and fee rebates. Companies are eligible for rebates after they have made investments and paid the taxes or fees to the city.
American Recreation Products Inc. owns 11 outdoor industry brands, including Kelty, Royal Robbins, Sierra Designs, Wenzel and Slumberjack. The company was founded in St. Louis, Missouri, and moved its headquarters to Boulder in 2010. American Rec has approximately 100 employees, according to the press statement.
Boulder's approved 2012 budget includes $350,000 in funding for 2012 flexible tax and fee rebates for employers. For more information about the program, go to www.bouldercolorado.gov and click on business.
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