(Story sourced with thanks to Matt Crane & Dubois Co. Free Press)
Jasper — Jasper Chair will add nearly 30,000 square feet and three jobs over the next year.
President and CEO Jeff Barth came before the Jasper Economic Development Board on Thursday to request a tax abatement for over $1.2 million in combined real and assessed property values.
Jasper Chair will build a 22,000 square foot central receiving area along Vine Street and a 7,500 dry lumber storage area that will be completed by April of 2014.
They will also invest in technological updates in equipment they currently own as well as add new equipment.
The company demolished the old Jasper Chemical Company building along Vine Street and a large pile of rubble remains on the property. Barth explained in his presentation today, the contractor will return to brush grind the concrete to be used as fill or for other applicable areas.
The expansion will create two manufacturing positions with an hourly pay range of $13 to $14 and one management position at $16 to $18.
The economical development board approved a nine year tax abatement with 10o percent abatement on property tax for the additions for six years and then 75 percent year seven, 50 percent year eight, and 25 percent year nine.
According to Barth, construction will begin on the additions within sixty days of the final approval of the tax abatement by the Jasper Common Council.
The issue will be before the council at their next meeting scheduled for June 19 at 7 p.m.