The Plymouth Common Council took the final step in the tax abatement process for Viking Paper during their meeting Monday evening by confirming the are to be in a Economic Revitalization Area.
Justin Mooter, president of Viking Paper told the council they intend to invest $3.6 million in capital improvement including $2.1 million for the building and rail spur and $1.5 million for equipment.
At the city meeting two weeks ago Mooter told the council the new equipment will almost double their current line speed and assist in the baking process. He indicated they are out of space because of the amount of roll stock for the various paper grades.
Although the project won’t create any new jobs the 35 existing jobs will remain secure.
The City Council unanimously approved a resolution granting a 7 year phase in tax abatement for Viking Paper.
