In October of 2019 AK Industries was granted a tax abatement for a $2 million investment of real-estate, equipment and machinery.
AK Industries has become a leading producer of fiberglass and polyethylene products for the wastewater industry. They manufacture and assemble large fiberglass lift stations for municipalities as well as the small capacity ejector basins for the residential market. They manufacture a line of polyethylene septic tanks, sump pits, basins, and plumbing accessories.
AK Industries will be purchasing a new piece of molding equipment at a cost of $750,000.
Monday evening the Common Council took the first step in the tax abatement process by approving a resolution declaring the AK Industries property to be within an Economic Revitalization Area (ERA). The city will conduct a public hearing on the Tax Abatement request at their next meeting on Monday, November 23rd.