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The Limestone County Commission Tuesday approved tax abatements for a new industry planning to locate in Ardmore’s Dekko Industrial Park.
Tom Hill, president of the Limestone County Economic Development Association, asked the commission to approve a one-time sales tax abatement of $14,000 for Advanced Technical Manufacturing. The company does business as Advanced Technical Avionics and manufactures parts for the aviation industry.
Hill also asked the commission to approve a property tax abatement of $2,890 per year for 10 years for a total of $28,900. He said the company plans to create 35 jobs within the first three years of operation and will invest $850,000 in the 22,500-square-foot building.
“We have an industry friendly county, and they would like to start spending their money,” Hill told the commission.
After approving the abatements, Commission Chairman Stanley Menefee said the commission was not trying to push the abatements through, and added he only learned about the proposal on Monday.
Hill said prior to Tuesday’s announcement, there were two vacant buildings at the industrial park, which is located about one mile from Interstate 65. Once Advanced Technical Manufacturing is up and running, there will be only one building left, and Hill said there is interest from another industry in the remaining space.
The announcement of ATA follows last year’s news that Carpenter Technology Corporation would build a facility in southern Limestone County that will employ 250 workers. The Pennsylvania-based company manufactures specialty alloy parts for the aviation industry, though Hill said there are no early indications that ATA and CTC would work together on any projects.
In other business, the commission approved two other industry-related items Tuesday, including one pertaining to the CTC project. Commissioners approved an agreement to hire Morrell Engineering to provide surveying and engineering services for improvements to Thomas L. Hammonds Road, which leads to the entrance of CTC. The contract is not to exceed $53,146.
As part of an infrastructure incentives package designed to lure the company, the state agreed to make improvements to the intersection of U.S. 31 and Thomas L. Hammonds Road. The work is estimated to cost $280,000, but Limestone County will not be responsible for those funds.
Elsewhere, the commission voted to rescind a motion to amend a resolution concerning the county’s responsibility to help pay for a water project at the Elkmont Industrial Park.
The commission agreed last June to commit $60,000 to help improve water service to Industrial Park North, which includes Electricfil and Snap-on. In February, the agreement was amended to reduce the county’s portion to $28,341, but rescinding the amendment now makes the county responsible for its original pledge.
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