Vancouver mulls fee waivers for large firms

first_imgSome of the same incentives that helped convince Banfield Pet Hospital to move its corporate headquarters from Portland to Vancouver may be made available to other businesses.Proposed changes to Vancouver’s city codes target large employers such as Banfield that offer salaries higher than the local median annual wage.Under the proposed city ordinances, business license surcharge fees would be waived and traffic impact fees would be reduced for companies with 200 or more employees that pay higher-than-median salaries.A public hearing will be 7 p.m. Monday at City Hall, 415 W. Sixth St. The incentives are intended to make the city “more competitive in attracting companies that have a large number of employees and high median wages,” City Manager Eric Holmes wrote in a report to the city council.Chad Eiken, the city’s director of community and economic development, told councilors in May that adding incentives to city ordinances would give his staff more tools when negotiating with prospective business owners.The council has had two workshops on the economic development incentives, and at Monday’s meeting the ordinances were approved to be set for public hearing.last_img read more