Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Carpenter Technology proposes $354 million expansion in Limestone County; county asked to approve tax abatements and a $75,000 reimbursement
Summary
Carpenter Technology plans a major expansion in Limestone County totaling approximately $354 million and said it will add at least 62 jobs; the company has requested sales/use and property tax abatements and the county agenda included a $75,000 reimbursement tied to a vacuum induction melting furnace.
Carpenter Technology plans a major expansion in Limestone County that company and economic development officials say will bring a minimum 62 new jobs and a roughly $354 million capital investment.
Bethany Shockney, with Limestone County Economic Development, told the commission the company first located in the county in 2012 and expanded in 2018. She said the planned expansion carries a total capital investment of "$354,000,000" and would add "62 jobs minimum over 3 year period of time," a conservative estimate in her view.
Shockney said the state has offered a competitive incentive package that will include the Jobs Act and training incentives through AIDT (Alabama…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
