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Why to Locate a Commercial Business in Hugo <br /> HUGO IS BUSINESS FRIENDLY THE PULLING POWER OF <br /> - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - <br /> • Hugo is a one stop shop for commercial development, not need work with I HUGO <br /> other agencies. <br /> Staff is hoping to complete a table that compares the pull <br /> • No park dedication fees, landscape escrow fees, or business licenses for I factor for Hugo to other Minnesota communities that are <br /> commercial development. I similar to Hugo or surround Hugo. Pull factor divides the <br /> per capita retail sales for each area divided by the per <br /> • Sewer and water connection fees are divided between the developer and I capita retail sales of the State. Staff is hoping that Hugo <br /> end user. I will rank well among its peers and provide a good indi- <br /> cation that Hugo is a healthy place to locate a commer- <br /> I• Hugo has maintained a declining tax rate over the last 10 years. I cial business. <br /> I I <br /> I. Economic development incentives are available such as Tax Increment Fi- <br /> I nancing (TIF) and Tax Abatement. <br /> I I <br /> • Expert staff is trained to get you through the development process quickly <br /> and efficiently. <br /> I I <br /> • Hugo completed a Business Retention and Expansion (BR&E) Program in <br /> 2010 and was awarded an International Award of Excellence for the pro- <br /> gram in 2012. <br /> I— — — — — — — — — — — — — — — — — — — — — — — — — — — — — <br />