Monday, March 18, 2013

Republic Reports Columbus City Council Considering Abatement Request from Quality Machine and Tool Works

From the Columbus Republic:


The Columbus City Council will consider a tax abatement request Tuesday nearly $1 million in equipment from Quality Machine and Tool Works Inc.

The company is expanding its facility at 1201 Michigan Ave. and will invest $952,000 in new equipment, according to a letter to the city. The purchase will allow the company to retain 51 employees and add seven jobs.

The company is purchasing four vertical turning lathes, a vertical machining center, a crane and a hoist system, according to the application. The company estimates the purchase will generate $5 million in sales.