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Dow-Corning presented Carroll County Fiscal Court Feb. 14, with an updated Foreign Trade Zone Agreement. The zone agreement provides the local industry with tax incentives. Dow-Corning has been operating under the current agreement since 2012, and makes payments to taxing entities in lieu of assessed values.
The proposed agreement is essentially the same except that Dow-Corning wants to issue one check to the county, and the county would issue the funds to the proper taxing entities rather than Dow-Corning issuing five or six checks.
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