WOOD TV8 reports that Dematic proposes to invest $11 million in expansion in Grand Rapids and could add some 500 jobs if the city sees fit to approve a tax break.
According to excerpts from the story:
The Dematic Corporation has asked the city of Grand Rapids for a tax break that would allow it to expand, adding 505 jobs.
The business is located on Grand Rapids' northeast side and specializes in making conveyor systems.
The city estimates the new jobs would bring $228,987 in new income taxes each year. In exchange, Dematic is asking for a five-year personal property exemption that would mean about $44,387 in taxes that the city would not receive each year after the expansion.
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