Caldwell Merchants Association, mayor exploring program to bring more business to borough.
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Friday, February 22
All Caldwell business owners are invited to the Caldwell Community Center on Thursday, Feb. 28, at 6 p.m., to learn more about Shop Caldwell, a program that would reward residents of the borough with property tax credits or rebate checks for shopping in town. The following background about the proposed program was provided by the Caldwell Merchants Association: Caldwell merchants and Mayor Ann Dassing are exploring a unique program to bring more business to Caldwell and reward residents at the same time, either with a rebate on property taxes or, for non-property owners, as an annual rebate check. Here's how the program works: The program is designed to be tailored to the needs of each individual business. Each business owner determines …
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Caldwell Community Center
1 Provost Sq, Caldwell, NJ
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Imagine every time you bought a pizza, went through the car wash or purchased a gift in Caldwell you knocked dollars off your property tax bill? Borough merchants, mayor considering Shop Caldwell program.
Residents of Caldwell could see lower property tax bills just for patronizing businesses in their town. The borough’s mayor and merchants are exploring a program called Shop Caldwell as a way to entice residents to support local businesses and help boost the local economy. “The Shop Caldwell program will encourage our residents to shop in Caldwell, and will either give them a property tax credit or a check at the end of a year of shopping and dining,” Mayor Ann Dassing explained. The program, offered by FinCredit, was introduced in 2012 in Marlboro, where about 40 businesses have signed up. Dassing said Marlboro’s participating merchants have seen an “uptick in sales and foot traffic” as a result. Each business can customize their Shop …
Scott W
2:08 pm on Tuesday, February 26, 2013
The ongoing percentage being deducted from every sale, may impact retailers as to what other promotions or discounts they may wish to offer during the year. Let's say a retailer or restaurant has a 20% off coupon in the paper. A $100 sale nets $80 when the coupon is redeemed. Then, if he has agreed to a 20% rebate for the PTC, another $16 comes off the $80. So the inital $100 sale winds up … more ›