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Franklin EDC OKs 7‑year abatement for Prime Beverage, citing $56M personal‑property investment and 181 jobs
Summary
The Franklin City Economic Development Commission voted to find required criteria met and approved a seven‑year personal‑property tax abatement for Prime Beverage Group, a project the company says will add 181 jobs and involve a $56 million equipment investment; the final hearing is scheduled before the City Council next Wednesday.
Prime Beverage Group, a beverage manufacturing firm headquartered in Huntersville, North Carolina, won a key local approval Thursday when the Franklin City Economic Development Commission voted to find statutory criteria met and granted a seven‑year personal‑property tax abatement tied to a $56,000,000 equipment investment.
John West, Prime Beverage’s representative, told commissioners the company plans to lease Sunbeam’s spec building on Progress Drive (near Jim Black Road) and initially ramp up to 181 new jobs at the site. "We are Prime Beverage Group. We were founded in 2020," West said in his presentation, describing a timeline…
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