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Fry Fastening seeks 75% tax abatement for eight years to fund 50,000‑square‑foot expansion in Forest Park
Summary
Fry Fastening proposed a 50,000‑square‑foot addition to its Forest Park facility, a roughly $5.5 million investment it says would retain 34 jobs and create eight more; company and Forest Park officials urged a 75% tax abatement over eight years to secure the project amid competitive offers from Kentucky.
Fry Fastening is proposing a 50,000‑square‑foot addition to its existing Forest Park facility and is seeking a 75% property tax abatement for eight years to support the roughly $5.5 million expansion. County meeting participants were told the project would double the building’s footprint, expand warehouse capacity and preserve jobs.
City and company officials told the County Commission the project matters because it would be the first major investment in Forest Park’s Carillon Business Park in about a decade and would “elevate” local wages. Chris Lewis, assistant development director for the City of Forest Park, said city council approved a resolution supporting the incentive on Aug. 4 and that applicable school districts were notified and did not object.
Projec…
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