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Council OKs tax abatements for NX Battery Solutions and Sohan Auto USA; companies promise local hires and investment
Summary
Council approved tax abatements for NX Battery Solutions (anticipating 30 hires and $2.9M investment) and Sohan Auto USA (anticipating 92 hires and $63.9M investment), both presented as economic-development incentives.
The Auburn City Council authorized two tax abatement agreements intended to attract business investment and jobs.
Under Item 10B1 the council approved a tax abatement for NX Battery Solutions Corp at 2585 Innovation Drive to support building modifications and machinery purchases; city materials say the company anticipates hiring 30 employees over three years and investing about $2,900,000. Under Item 10B2 the council approved a tax abatement for Sohan Auto USA to locate at 3100 Haygood Court; staff said the company expects to hire roughly 92 employees over three years and invest about $63,900,000.
Both items were moved, seconded and carried in the meeting. Council members offered no substantive amendments during presentation; staff said the abatements are intended to encourage local capital investment and job creation.
