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Fostoria OKs development funding

February 21, 2013
By Dan McElhatten - Correspondent , The Advertiser-Tribune

FOSTORIA?- Fostoria City Council continued its support of economic development by approving an ordinance appropriating $30,000 from a 1 percent temporary income tax to be sent to the Community Development Fund. This ordinance is to support Fostoria Economic Development Corp. for this year. The goal of FEDC is to facilitate economic development in the Fostoria area to seek a competitive edge. Interest generated from loans being paid back to the city and certain city accounts also go to FEDC through this ordinance.



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