The other shoe is set to fall Thursday as Jefferson County considers extending its support of StoneX Group Inc.

Conducting its committee meeting Tuesday, the Jefferson County Commission moved to its Thursday agenda a resolution to provide a tax abatement for the company. The commission two weeks ago approved a jobs incentive that was capped at $200,000.

“This is the continuation of the StoneX project from last meeting,” Jeff Traywick, the county’s economic development adviser, said. “If you remember, we took up the jobs grant at the last meeting because we needed to get that approved before the state finalized its incentive agreement.”

The tax abatement will be about $300,000. Over the 10 years of the abatement, the county is expected to gain about $1.1 million to its general fund from StoneX’s business and about $600,000 to its education fund.

“That’s a pretty good ROI (return on investment),” Commission President Jimmie Stephens said.

StoneX, located locally at 2 Perimeter Park South, started in 1924 as a door-to-door egg sales business but has since grown into an international financial services company that’s listed on the NASDAQ and is on Fortune’s 50 top companies list globally. Traywick said when it was last brought up that the company is planning a $10.9 million expansion that would create 88 jobs.

Tuesday’s meeting included another subject from a recent meeting. The location of the old Wesley’s Boobie Trap, which was an adult entertainment establishment, was moved to the agenda. Owners Top Tier Management are seeking a lounge liquor license for the site. facility.

“The wishes of the community are that they (owners) would have no alcoholic beverage,” Stephens said. “The community has really outgrown that kind of establishment. and Rome wasn’t the way it used to be. It isn’t the way it used to be.”

Commissioner Lashunda Scales asked and Development Services Director Josh Johnson confirmed that the building where the Boobie Trap had been still is zoned to be a bar, lounge or brewery.

“It’s a request for them to have an alcohol license,” Johnson said. “There’s no public hearing for this. The county commission has to make a recommendation to the ABC (state Alcoholic Beverage Control) Board.”

In another matter, Stephens asked for a report about staff development allotments from the county’s various departments.

“I do not want it to be too loosely (disbursed),” Stephens said. “If educational opportunities are there and those opportunities will improve the quality of work that we’re getting from our employees. I am for it 110% but we need to have the process and know the reason for these trips and make sure that we’re getting good educational results and improved engagement to improve our engagement.”