Council Supports Avago 7-0

Hats off to the Fort Collins City Council for supporting an incentive package for Avago last Tuesday evening by a vote of 7 to 0. The no-growth community was out in force to block the package, which they feared would cause population growth. A strong showing from the business community, however, countered this with a case for the economic benefits to the community. The incentive package was bascally performance-based rebating of the manufacturers’ use tax and part of the business personal property tax. Both are barriers to investment. The economic benefits far outweigh the potential taxes.