Business & Tech
Saline Amends Tax Break for Expanding Company
Scherer & Trier USA is expanding faster than originally planned.
A company with plans to expand its investment in Saline was given a boost by .
Kunststoff-Technik Scherer & Trier USA, located at 1294 Beachcourt, is expanding more than company planned when it sought and was granted a tax break in 2009. The German thermoplastics company is planning a $5.4 million investment in Saline. The Sauk Trail Business Park facility is expanding from 73,487 square feet to 106,224 square feet.
Saline City Council unanimously agreed to adopt a resolution to approve the company’s request to amend the 2009 tax abatement to reflect the increased investment.
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“We look forward to a successful partnership,” said Mayor Gretchen Driskell. “Thanks for investing in our community.”
Construction is expected to begin in the fall.
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According to the company’s application for the tax break, the investment will create 20 new jobs and retain 60 other jobs.
The investment includes more than $2 million in land and building improvements and $3.3 million in personal property.
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