Jasper Chair could get tax abatementJune 13, 2013
From local sources
JASPER — Jasper Chair Co. plans to invest more than $1.5 million in new buildings and equipment.
The Jasper Economic Development Commission recommended this morning that the Jasper Common Council grant the company a nine-year tax abatement on the investment. The council will consider final approval at its meeting Wednesday.
Jasper Chair is adding the buildings to its location north of East Eighth Street and west of Vine Street.
Included is a 22,000-square-foot facility that will house central receiving and light manufacturing operations and a 7,500-square-foot building to store dry lumber, company CEO Jeff Barth said this morning. Some equipment also will be purchased, he said.
If the council approves, the package will include a full abatement for the first six years, 75 percent for the seventh year, 50 percent for the eighth year and 25 percent for the ninth year. The work is scheduled to be completed by April, but Barth said he hopes to be finished before that.
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