Saline Lectronics given 6-year tax abatement for new equipment purchases
Saline Lectonics, a high tech manufacturing company in the city's industrial park, unanimously received a six-year tax abatement for new equipment Monday night.
The company provides components for the aeronautics, alternative energy and medical devices industries. The company designs, assembles and tests circuit boards according to the abatement application and employs 127 people in the city.
“We’ve enjoyed watching you grow,” Saline Mayor Gretchen Driskell told Mario Sciberras, president of the company.
Saline Lectronics offers the latest technical capabilities to meet most demanding project requirements for circuit card assembly, according to the company’s Website, and with the tax abatement, there are plans to buy additional equipment, which will result in the addition of 12 new jobs.
The company was unanimously granted the 6-year abatement for about $677,000 in personal property for its building at 710 North Maple Road .
“This is a good asset for the city,” said Mary Hess, a member of special projects committee, which approved the request before it was forwarded to the City Council.
She said Sciberras gave the committee "a very thorough explanation" of what the company does and how the equipment will enhance its operations.
Some of the equipment has already been purchased and some is expected to be bought in June, according to the abatement application.
The company occupies about 70,000 square feet of a 110,000 square foot building, Sciberras said. “It gives me great pleasure to expand our facility.”
He said in 2002, there were 20 employees and now there are 137 employees.
“We’ve invested in new technology and equipment and it’s not at a cheap price,” Sciberras said.