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Orthoamerica tells Franklin City council it fell short of job targets but remains committed to growth
Summary
Orthoamerica representatives told the Franklin City Council that the company missed a planned real-property expansion and is short of projected employees but invested about $505,000 in its existing Franklin facility; the council found the company in compliance and approved related abatement cases after hearing its plans to hire and expand markets.
Orthoamerica representatives told the Franklin City Council that the company did not complete a planned real-property expansion but instead invested about $505,000 in improvements at its existing facility, and the council found the company in compliance with its performance-based tax-abatement conditions and approved the related cases.
Brian Zemansky, a consultant with McGuire Sponsel presenting on behalf of Orthoamerica, said the original project estimate included a $1,800,000 building that was tied to anticipated M&A activity that ultimately did not materialize; instead, he said,…
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