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Council approves seven-year tax abatement for Innovative 3D after company pledges $10 million investment and 10 jobs
Summary
Franklin City Council approved Resolution 25-12 to grant Innovative 3D a seven-year personal-property tax abatement tied to a $10,000,000 equipment investment and the creation of 10 jobs averaging $25 an hour; the company said the expansion supports aerospace and defense production.
Franklin City Council on Nov. 17 approved Resolution 25-12, granting Innovative 3D a seven-year personal-property tax abatement tied to the company’s planned $10,000,000 equipment investment and the creation of 10 new jobs at an average wage of $25 per hour.
Community Development Specialist Dana Monson told the council the Economic Development Commission reviewed Innovative 3D’s request and recommended approval. Monson said the company is…
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