Monday evening the Plymouth City Council took the final steps in the process to approve the tax abatement request of American Containers.
A public hearing was held during the Common Council meeting in the Council Chambers of City Hall.
Greg Hildebrand, CEO of the Marshall County Economic Development Corporation said American Containers is investing approximately $6 million on this project with $3.5 million on the real estate for the building addition and $2.5 million towards personal property with the purchase of new machinery. He said, “American Containers has been an excellent corporate community partner and we are proud to have them here in Plymouth.”
Hildebrand said the project will also add 4 or 5 additional job positions. He estimated that American Containers will also be paying about $444,000 in taxes in the next 7 years.
With no additional public comments, the Plymouth Common Council unanimously approved a resolution confirming the adoption of a Declaratory Resolution designating the real estate of American Containers to be within an Economic Revitalization Area for the purpose of both a real and personal property tax abatement.
