## What happened
The mayor told council [the Terre Haute Economic Development Corporation no longer defaults to recommending a flat 10-year, 0% tax abatement for every project, and now uses a scoring process before bringing recommendations to council](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4280). He previewed ["Project Holly," a commercial and industrial machinery company weighing Terre Haute against seven other communities for a project involving $30 to $50 million in equipment, 25 to 35 jobs, and an average wage of $31.64 an hour](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4249) — figures the company itself has not yet finalized.

## Who it affects
It affects taxpayers who would absorb any abatement council eventually grants, since [Project Holly and any incentive request tied to it is expected to come before this same council in the coming months](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4312).

## The outcome
No abatement was voted on tonight; [this was a briefing on the EDC's process and an early look at a project still being evaluated](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4237).

## Sources
- [Briefing framing, 70:37](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4237)
- [Project Holly details, 70:49](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4249)
- [EDC moves away from automatic abatements, 71:20](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4280)
- [Coming to council in coming months, 71:52](https://www.youtube.com/watch?v=bL8ap9H0zd4&t=4312)

*Also known as: Terre Haute EDC · Project Holly · business retention and expansion · BR&E · tax abatement scoring criteria*