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Modine proposes 65,000-square-foot expansion, council backs staff to pursue Chapter 100 tax abatement
Summary
The council authorized staff to pursue Chapter 100 tax abatement for Modine Manufacturing's proposed $45 million expansion that would add roughly 65,000 square feet and create about 200 jobs, approving a resolution directing staff to negotiate the incentives package.
Jefferson City council voted to authorize staff to pursue a Chapter 100 industrial development incentive for an expansion by Modine Manufacturing that company and economic-development officials say would add roughly 65,000 square feet to Modine’s existing facility and support the purchase of new machinery and equipment.
The council adopted a…
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