MALLOW Town Council is to bring its rate of development charges in line with those by Cork County Council in a bid to stimulate the local economy and job creation.
The issue was raised at the June meeting of the council by Cllr Ronan Sheehan (Lab) who called for the rate to be reviewed and reduced.
He pointed out that Mallow Town Council had been charging a commercial development rate of €150.59sq/m compared to the rate of €59.18 charged by Cork County Council.
This meant that a developer wishing to build a 354 sq/m factory in Mallow would have to stump up a contribution of €53,312.01 compared to a figure of €20,949.72 in an area under the control of Cork County Council.
At this week's July meeting of the town council Mr Stritch confirmed the town council rate would be amended to bring it in line with the county council.
The move was welcomed by councillors, with Cllr Sheehan complimenting Mr Stritch on his rapid response.
Sinn Fein's Willie O'Regan said the move was "long overdue", while Fine Gael's Feargal Cronin pointed out it could result in a 70% reduction on the previous rate.
Jerry Mullally (Lab) summed up the sentiments of all, saying it would be an incentive for large scale developments and more local jobs.