City awards tax exemptions to two companies
Published: December 10,2012
Tags: city, device, economic development, electric, employee, employer, employment, government, incentive, job, manaufacture, manufacturer, manufacturing, medical, medicine, municipal, municipaslity, tax, tax exemtion, tool, work, worker
OLIVE BRANCH — Two companies have requested and received tax exemptions from Olive Branch city government in preparation for moving into sites along the Polk Lane corridor.
The Commercial Appeal reports Milwaukee Electric Tool, which announced early this year that it would move to another site within the city to expand, and Millstone Medical Outsouring, a medical device industry partner, received the exemptions for 10 years.
Governments commonly provide tax exemptions as incentives for companies to move into their boundaries and provide additional tax revenue and jobs. The county is expected to provide the companies with similar tax reductions.
While Milwaukee will be exempt by Olive Branch for about $40,900 annually and Millstone will be exempt for about $18,700 annually.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jail kitchen supervisor pleads guilty to stealing food
- Warden who lives hundreds of miles from jail resigns
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Ex-MDEQ leader Fisher joins Butler Snow
- Top 10 finalists chosen for C Spire Conerly Trophy
- State’s new banking chief Charlotte Corley has deep roots in the business
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- BankPlus recognized for alternative program to payday lending
- DAVID DALLAS: Savor this Thanksgiving and be grateful