Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves 10‑year, 50% CRA tax abatement for JBM Packaging expansion
Summary
The council approved a community reinvestment area (CRA) agreement with KCMG Realty to grant JBM Packaging a 50% property tax abatement for 10 years to support a new packaging facility in the King 2 Drive business park; the company will keep the existing Anchor Drive facility.
Lebanon City Council on May 13 approved a Community Reinvestment Area (CRA) agreement with KCMG Realty to support a new JBM Packaging facility in the city's business park, authorizing a 50 percent property tax abatement over 10 years.
City staff said JBM is an existing employer in the business park; the new facility on King 2 Drive is an expansion and the…
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
