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Holyoke council approves special tax assessment for AM Lithography's expansion
Summary
The council approved a five-year special tax assessment agreement to support AM Lithography's property acquisition and expansion, part of an effort to retain and grow manufacturing jobs in Holyoke.
The Holyoke City Council on Wednesday approved a resolution authorizing a special tax assessment (STA) agreement to support AM Lithography Corporation’s planned acquisition and expansion in Holyoke.
The council’s development and government relations committee recommended approval after AM Lithography presented an expansion plan that aims to consolidate operations in Holyoke. Councilors said the company has an established presence in the region and that the STA package is a common economic development tool used by the city to retain and grow employers.
Councilor Gibner said the company expects a five-year program and has previously used the STA tool successfully when it located in the city in 2007. Councilor Sullivan noted the company will occupy sites vacated by other manufacturers, and city staff told the committee AM Lithography also received state-level incentive credits to support the expansion.
The council adopted the order on a roll call vote (10 yeas, 1 absent). The vote authorizes the city to enter the STA and move forward with the acquisition and development process; final project permits and any associated building work will follow normal permitting and inspection procedures.
Councilors described the agreement as part of an effort to retain local manufacturing employment and put a large, previously underused parcel back into active industrial use.
