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Council approves three-year tax abatement for PrimeX Plastics after committee recommendation

Richmond City Common Council · January 20, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Richmond council approved a three-year descending business personal property tax abatement for PrimeX Plastics, which told the council it plans to invest over $8 million, create six new jobs and retain 251 positions.

The Richmond City Common Council approved Ordinance 5-20-26 granting a business personal property tax abatement to PrimeX Plastics after a recommendation from the tax abatement committee.

A committee representative…

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