A report on WOOD TV8 says that a tax break approved by the City of Grand Rapids will help a local manufacturer create 100 new jobs.
According to excerpts from the story:
Grand Rapids city commissioners approved a tax break for Knape & Vogt that will help the company create 100 new jobs. The manufacturer , which produces storage related components for the furniture and other industries was granted an Industrial Facilities Exemption Certificate. That means the city won't collect personal property taxes on $3.5 million of new equipment the company is buying. The exemption will save the company over $7,400 in yearly city taxes.
Read the complete story
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