The Columbus City Council on Tuesday night will hear the first reading on two tax abatement requests from local companies.
The requests came from CAPO, LLC and Developmental Services, Inc (DSI). Both are located in an Economic Revitalization Area (ERA).
CAPO, LLC, an automated production company, is requesting a 10-year personal property tax abatement on an investment of $1.3 million in a new metal stamping press, according to a memorandum sent by Director of Community Development Robin Hilber to the council.
The investment will allow the company to add “at least 10 new parts to its product offerings” and will lead to the retention of 89 current employees and addition of six new positions by the end of the year, according to the company. The new positions, consisting of three in production, one in management, one in engineering and one in maintenance are planned to have an average wage of $26.86 per hour, per CAPO.
DSI, which serves people with disabilities, is requesting a 10-year real property tax abatement on an investment of $800,000 to build two new supported residential living facilities. The facilities, on McKinley Court, are slated to house four individuals with disabilities, according to Hilber’s memorandum.
The homes will be next to two existing ones built in 2016 for the same purpose. DSI indicated the investment will lead to six new positions by Sept. 1 at an average wage of $15.38 plus benefits.
The meeting will be at 6 p.m. at Columbus City Hall and via Webex.
