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Anderson council approves tax abatement for Fit US expansion, endorses incentives for Unified Group
Summary
At its Dec. 11 meeting the Anderson City Common Council passed two final confirmatory resolutions to designate economic revitalization areas for Fit US and Double M/Unified Group, approving a 6-year, 70% abatement on Fit US’s new 80,000-sq.-ft. warehouse and confirming support for a ~ $4.1M office expansion expected to add about 115 jobs.
The Anderson City Common Council on Dec. 11 approved two final confirmatory resolutions that clear the way for local expansions by Fit US and Double M Properties/Unified Group.
Fit US, located on Raybel Avenue in a former Guide parking lot, sought an abatement to support an 80,000-square-foot warehouse addition. City staff told the council the expansion represents roughly $8.2 million in new investment and about 31 additional jobs. The resolution approved a six-year tax abatement set at 70% that, according to staff, applies only to the new construction. Staff also noted the county assessor had not completed an assessment…
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