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Sturgis approves Summit Polymers tax break; WBET offer raised during SYCA contract discussion
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Sturgis approves Summit Polymers tax break; WBET offer raised during SYCA contract discussion
Commissioners held a public hearing and unanimously approved a resolution supporting an Industrial Facilities Exemption Certificate (IFEC) for Summit Polymers, a plastic injection molding company for the automotive industry. The certificate would reduce the tax liability on the company’s new addition by approximately 50%. The IFEC is expected to save Summit Polymers approximately $110,000 annually in taxes. The exemption was approved for 12 year…
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