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Lancaster County approves 20-year incentives for Atlas Copco plant; company pledges $51 million, 163 jobs
Summary
Lancaster County Council on unanimous vote approved the third reading of an ordinance authorizing a 20-year fee-in-lieu-of-tax (FILOT) and special source revenue credit agreement with Atlas Copco Compressors LLC, a subsidiary of the Atlas Copco Group.
Lancaster County Council on unanimous vote approved the third reading of an ordinance authorizing a 20-year fee-in-lieu-of-tax (FILOT) and special source revenue credit agreement with Atlas Copco Compressors LLC, a subsidiary of the Atlas Copco Group.
The county ordinance says Atlas Copco plans to invest $51,000,000 in the first phase of a Lancaster County distribution facility and to employ 163 people by the end of a five-year investment period beginning in 2025. Average wages were described in the county presentation as about $32…
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