12/27/13 - A company in Milford Township will enjoy a tax abatement on a new facility to be built in the municipality. In a meeting last week, the Township Board approved the 12-year, 50% tax abatement for Kennedy Industries, which produces equipment and controls for managing water, wastewater, and industrial processes. The Milford Times reports they currently operate a facility in Milford Township and another in Lyon Township, and the proposed new facility in Milford will consolidate the two. It will be a 101,000 square-foot facility on Holtz Drive, with an estimated cost of $5 million. The townshipâs abatement of real and personal property tax will save the company more than $1.7 million over the facilityâs first 12 years. The company currently employs 70 people locally, and it says the new facility would allow for the hiring of 12 new employees. The township board was mostly in favor of the abatement, though some members wanted to include provisions to ensure that the new local jobs are actually created. Trustee Randall Busick voted against the abatement, as he does for every abatement brought before the township board based on his personal economic policies. The abatement passed 6-to-1. (TD)
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