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City of Madison Economic Development Agreement May 2026

Madison considers $200K support, tax abatement

$200,000Town of MadisonGUPTA, PRATEEKMay 12, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The City of Madison’s economic development agreement contemplates $200,000 in support for the new Hampton Inn project, with developer representative Prateek Gupta recommending a tax abatement to the Common Council. The incentives aim to encourage the hotel investment and bolster local tourism.

Contract Details

Contract Amount

$200,000

Vendor

GUPTA, PRATEEK

Agency

Town of Madison, IN

Contract Type

FINANCIAL_SERVICES

Document Date

May 12, 2026

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