Athens, Limestone okay incentives for steel plant
February 7th, 2012
The Limestone County Commission and Athens City Council approved incentives Monday for Pennsylvania steel company Carpenter Technology Corporation, which plans to construct a facility off U.S. 31 just north of Calhoun Community College that is expected to be operational by the spring of 2014. According to the News-Courier, the commission agreed to a sales tax abatement in the amount of $8.162 million through July 2014, and a property tax abatement of more than $13.9 million over 10 years. Bernard Mara, vice president of Advanced Engineering for CTC, said ground would be broken on the plant in April.
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