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IDA grants inducement to Performance Plus Solutions for bike-manufacturing conversion; Vin recuses
5704776 · August 21, 2025
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Summary
The agency granted preliminary approval for sales‑tax and property‑tax relief to Performance Plus Solutions LLC for a bike‑assembly and manufacturing project; the board recorded a recusal by member Vin.
The Industrial Development Agency granted preliminary inducement for Performance Plus Solutions LLC, a project the applicant described as an e‑bike manufacturing and assembly facility at a property near the harbor.
Agency staff presented an inducement package that, according to the staff remarks, included a sales tax exemption valued at $35,807 and a 10‑year real property…
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