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Cherokee Machining describes $404,000 investment and hires; council shortens abatement to seven years
Summary
A Danville manufacturer said it plans to buy a $404,000 machine, add four jobs and pursue a personal-property tax abatement; council amended a confirmatory abatement from 10 years to 7 years and approved the resolution after a public-hearing requirement was noted.
Jerry Coffin, president of Cherokee Machining, told the council his company has new work with Allison Transmission and is seeking local support to expand operations in Danville. Coffin said the company plans to purchase a $404,000 machine, expects to hire four additional employees and aims to increase revenues over the coming years.
A staff representative and business owner Gary Clark described the investment and said the company would commit to reporting requirements in exchange for a personal-property…
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