From the Lebanon Reporter:
Lebanon Business Park tenant IBC Coatings Technologies, Inc., was approved for a 10-year tax abatement on a new 9,000-square-foot expansion to its building at 902 Hendricks Dr. by the Lebanon City Council at Monday’s meeting.
“This is a great story,” said Lebanon Mayor Huck Lewis. “Six to eight months ago, they came in front of us for a tax abatement for an expansion. They have made that expansion, and now they’re adding on again.”
The company’s business is booming after being awarded a military contract. On the first tax abatement forms for the company’s main building in 2002, the number of employees was estimated to be four. It now employs 35 people.
http://reporter.net/local/x1647278033/City-OKs-abatement-for-business-addition
