Tax-break for businesses
October 30, 2013 by Administrator
Members of the Sturgis City Commission last week approved tax-break requests for three businesses.
The requests for Industrial Facilities Exemption Certificates were granted to Mayer Tool and Engineering, Americraft Carton and Burr Oak Tool.
Mayer Tool’s request was for a 12-year abatement of almost $55,000 on the purchase of new equipment.
Americraft Carton sought $6.2 million was for new equipment and a building expansion.
Meanwhile, Burr Oak Tool’s request is tied in with a three-year expansion project. The company is investing more than $4.9 million in technology, tooling and machining equipment. It is also planning to construct a new building in the Dresser Industrial Park.