Galvstar Wins Tax Breaks for Steel Operation ; but Bond Aid Unclear for American Axle Site
Linked as:
Summary
A plan to open a steel processing business in a portion of the abandoned American Axle & Manufacturing plant on the East Side won more than $280,000 in tax breaks Monday from the Erie County Industrial Development Agency.
Galvstar LLC plans to acquire 120,000 square feet of space in the East Delavan Avenue factory for a $23.8 million start-up venture that company officials hope will produce 180,000 tons of galvanized steel per year and employ 50 people.See the full content of this document
Extract
Galvstar Wins Tax Breaks for Steel Operation ; but Bond Aid Unclear for American Axle Site
The IDA granted the venture $238,000 in mortgage tax savings and another $43,750 in sales tax breaks. Galvstar also...
See the full content of this document
Sponsored links
