Companies’ tax savings brought back into community

Fees voluntarily paid by Franklin businesses help pay for homework mentors for local students, downtown festivals and to replace the leaking roof at a historic theater.

The fees are paid by nine Franklin companies, which agreed to them after receiving tax incentives from the city. Each year, the city economic development commission decides who should get the money, which is intended for nonprofits that assist with the city’s economic growth.

The grants recently awarded total $33,000, which is larger than usual because they included money that was delayed when being transferred from the county to the city. Grants normally are given out every six months, and another smaller payout will be made later to cover the final six months of this year. In the years since the grants were started, $51,885 has been awarded.

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