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Council approves tax abatements and exemption certificates for relocating manufacturer; brownfield TIF to follow
Summary
The council approved industrial facilities exemptions and 12-year tax abatements for a company proposing to relocate to Wyoming, bringing 60 existing jobs and six new jobs with about $0.9 million in investment; a brownfield TIF plan will be considered separately in April.
The Wyoming City Council on March 6 approved a recommendation to grant two industrial facilities exemption certificates and 12-year tax abatements for a project described in the record as "leading manufacturing," which proposes to relocate from Grand Rapids to Wyoming and bring 60 existing jobs plus six new positions and about $0.9 million in private investment.
City staff told the council that under the city's tax-abatement policy the…
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