City committee approves tax rebate plan to help parts manufacturer grow
Monday, July 13, 2015
The Windsor Star/Chris Thompson
The city’s planning, heritage and economic development committee has given its approval to $2.1 million in tax rebates to automotive parts manufacturer A.P. Plasman.
The committee unanimously approved the deal at its Monday night meeting. It now goes to city council for final approval.
“It’s a very good example of a local company taking advantage of an economic development incentive,” said committee chair Bill Marra. “When you look at economic development from a municipal perspective, there is very little we have actual influence or control over. What we’ve been able to do is take advantage of legislation available to us.”
The building at 635 Sprucewood Dr., which is owned by Hearn Logistics Inc., will see the consolidation of 269 jobs and the creation of 55 more jobs, with the potential for further expansion in the future.
“It’s a win-win situation in that we create the environment for additional investment, new jobs, and sustainability,” Marra said.