Monday evening’s public hearing on the proposed tax abatement for new manufacturer Alliance Barrier Films, a company that makes specialized packaging, received no comments from the public and the resolution granting the abatement was unanimously passed by the Washington City Council.
Alliance hopes to have the machinery installed in August and estimates that production will begin sometime in October. The tax abatement will grant the company, located in the industrial park near Olon Industries, a 10-year abatement on the land and the building, and a five-year abatement on the needed equipment. The percentage of the abatement will go down each year.
“So, for example, on the equipment, the first year is abated 100 percent, the second year 80 percent, third year 60 percent and so on, until the equipment is fully taxed in the sixth year,” said Washington Mayor Joe Wellman.
The company hopes to expand to four production lines and each of those lines will employ between 10 and 15 people.
The same resolution also declared the area an economic revitalization area.
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