City offers $1 million tax incentive to keep Yale Lock
After hearing that Yale Lock planned to close its local factory, town leaders in Lenoir City, Tenn., geared into action last week, according to reports by WBIR-TV.
The City Council decided on April 2 to offer Assa Abloy, the Swedish parent company of Yale Lock, a 100% property tax abatement if the company abandons its plans to consolidate its Lenoir City manufacturing operation with another factory in Connecticut. The 10-year deal would save the company an estimated $1 million.
In lieu of taxes, the council proposes taking ownership of the property and leasing it to Yale Lock. The manufacturing plant has been in Lenoir City for more than three decades and employs more than 200 people. Current plans call for a shutdown of the factory over the next 12 months. No response to the offer from Assa Abloy has been reported.
No comments found
Family Dollar hires Lowe’s exec
Family Dollar Stores has announced the appointment of Jon Broz to the position of VP and assistant general counsel, litigation. Broz comes to Family Dollar from Lowe’s, where he served most recently as VP and assistant general counsel, litigation.
Prior to joining Lowe’s, Broz worked for Collective Brands, and previous to that, he was a litigation partner at Husch & Eppenberger (now Husch Blackwell Sanders) in Kansas City, Mo.
No comments found
Hunter Panels extends energy efficiency
Portland, Maine-based Hunter Panels announced its new "Hunter Xci" product line for use in exterior commercial wall applications. The launch of the Xci product line boosts Hunter’s offerings of insulation products for the commercial building envelope.
"With recent upgrades to the I-Codes calling for continuous insulation, Hunter Polyiso is a perfect fit for commercial wall assemblies," said Alma Garnett, VP of Hunter Panels.
"We have worked aggressively to develop, test, and certify a complete line of polyiso exterior wall products, aimed at providing energy efficient solutions for designers of the building envelope. As the leading manufacturer of polyiso for roofing applications, the addition of Hunter Xci wall products provides the perfect complement to our portfolio of products. We are committed to expanding our technical, educational and marketing resources into this space."
I found this post to be very
I found this post to be very educational. Thank you for broadening my knowledge of this subject. No doubt its a great piece of writing as well. Thanks http://breakupquotes.info/quotes/breaking-up/
I am currently working on an
I am currently working on an assignment and I have been exploring your blog for a few hours. Thank you for your post it proved helpful for me. Peter