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Chaska council authorizes letter of intent for tax abatement to support Beckman Coulter expansion
Summary
The City of Chaska council authorized the City Administrator to sign a letter of intent for a pay-as-you-go tax abatement tied to Beckman Coulter's $50 million expansion; the LOI outlines up to $1.39 million in abatement over as many as 12 years and requires a portion of funds for resurfacing Lake Hazeltine Drive by 2028.
The City of Chaska council on May 5 authorized the City Administrator to sign a letter of intent for a tax-abatement package to support Beckman Coulter’s planned expansion in Chaska.
Julie Grove, the city’s economic development director, told council the project is a roughly $50,000,000 expansion that would add about 48,000 square feet and up to 300 employees over the next two to three years. Grove said Beckman Coulter has been awarded grants from the Minnesota Department of Employment and Economic Development (DEED), including applications to the Minnesota Investment Fund (MIF) and the Job Creation…
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