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Aberdeen approves incentive package to retain Reliance Packaging expansion; owner pledges about 32 new jobs
Summary
Aberdeen commissioners approved a seven‑year economic incentive agreement for Reliance Packaging LLC to support more than $7 million in investment and roughly 30–35 new full‑time positions, with rebates tied to increases in property value. Owner Satish Schramm thanked the town and confirmed the hiring commitment.
Aberdeen commissioners approved an economic development incentive grant agreement for Reliance Packaging LLC after a short public hearing on Nov. 12.
Town staff described a seven‑year rebate schedule tied to the increase in ad valorem property value created by Reliance’s planned expansion: roughly 90% reimbursement in year one, stepping down through the seventh year. Staff said total capital investment on the project will be “well over $7,000,000,” and…
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