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Columbus council approves 10-year tax abatement for Applied Laboratories expansion
Summary
The Columbus Common Council on May 6 approved a resolution granting a 10-year tax abatement to Applied Laboratories for a proposed $6.5 million real-property expansion that city staff said will retain 193 jobs and add 105,000 square feet to the company’s facility.
The Columbus Common Council voted 8-0 on May 6 to approve a 10-year tax abatement for Applied Laboratories Inc. to support an expansion at its headquarters near Indianapolis Road.
City staff told the council the company is requesting a 10-year abatement tied to roughly $6,500,000 in real-property investment to add 105,000 square feet to its existing 165,000-square-foot facility for a total of 270,000 square feet. Staff estimated the abatement would save the company about…
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