Ypsilanti Courier: NuStep receives extended tax abatement on $2.2 million infrastructure investment
NuStep Inc. received an extended industrial facilities tax exemption from the Pittsfield Board of Trustees, according to a report from the Ypsilanti Courier.
The company had been issued a three year abatement in August, but a new lease led the board to allow for a five-year extension to the abatement.
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The tax abatement is for a $2.2 million investment, according to the Courier, and will give an initial 50 percent break in new taxes resulting from the improvements to the facilities. NuStep has also said it will add eight new jobs over the next two years as part of the IFT agreement.
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