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Franklin EDC recommends ERA designation and 7-year/5-year abatement for Air Atomic after company seeks 10-year deal
Summary
At a Franklin City Economic Development Commission meeting, members recommended designating the site an Economic Revitalization Area (ERA) and recommended to city council a 7-year real-property and 5-year personal-property tax abatement for Air Atomic; the company had requested a 10-year abatement and declined the EDC fee.
Franklin City’s Economic Development Commission on an unspecified date voted to recommend that the city designate the Air Atomic expansion site as an Economic Revitalization Area and to recommend to city council a 7-year real-property and 5-year personal-property tax abatement for the company.
The recommendation came after a company presentation and staff briefing. Dana (staff member) told commissioners the property had originally been in an ERA that expired in 2012 and therefore the commission needed to make fresh ERA findings. Mike, representing Air Atomic and its parent company RBC, described planned growth at the Franklin facility: a 20,000-square-foot addition to the existing…
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