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Council approves tax-abatement framework for Veekin North America headquarters
Summary
The council approved a real-property tax-abatement resolution for Veekin North America's planned 80,000-square-foot North American headquarters in Westfield, including an abatement schedule staff described as front-loaded to offset developer costs.
The Westfield Common Council voted 6-0 to adopt a real-property tax-abatement resolution recommended for Veekin North America’s planned North American headquarters and distribution facility, an industrial project city staff said will generate new assessed value and jobs on a 16-acre parcel.
Claire Jelenas, economic development strategist for the City of Westfield, presented the recommendation and described the proposed development as an 80,000-square-foot headquarters and warehouse on a 16-acre parcel. Jelenas said the company estimates capital investment of…
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