Wednesday, April 4, 2012

Gougeon Brothers expansion, tax break among Bay City Commission approvals


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A tax break for a Bay City company with a niche market was among the matters before the Bay City Commission on Monday night. Gougeon Brothers, which formulates and manufactures West System and Pro-Set marine-grade epoxies used around the world in boat building and boat repair, asked for the boundaries of its Plant Rehabilitation District on Patterson Avenue to be expanded so it could build an 11,000-square-foot addition for lab and technical areas. That was approved. The company also asked for and received a tax exemption for the new work, including a $1 million building and $200,000 in equipment. As a direct result of the project, three new jobs will be created and 11 retained, all at wages above $12.50 per hour. Over the 12-year period of the 50 percent abatement, the city could have collected $114,237 in taxes and instead will collect $57,118.
   
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