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Air Atomic expansion in Franklin cleared for tax abatement; council confirms ERA and approves 7- and 5-year abatements
Summary
The council confirmed an Economic Revitalization Area and approved tax abatements for Air Atomic’s 20,000-square-foot expansion. The company plans investment and new hires; the council approved a seven-year real property and five-year personal property abatement after a public hearing.
Community Development Specialist Dana Monson presented a request from Air Atomic for economic development incentives tied to a planned 20,000-square-foot expansion on Linville Drive. Monson said the company asked for a 10-year abatement on $2 million in real property and a 10-year abatement on $1 million in personal property and proposed hiring 27 additional workers at an average wage of $30 to $35 per hour.
Monson summarized the EDC recommendation: a seven-year real property abatement and a five-year personal property abatement. “After reviewing…
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