Aearo Technologies at 2925 Gary Drive in Plymouth was granted a Tax Abatement in 2008 for personal property and real estate.¬† Their projections on personal property was for manufacturing equipment with an estimated value of $960,000 and the actual value was $949,689; I.T. equipment estimated at $70,000 and an actual value of $4,479 and logistic equipment estimated at $30,000 with an actual value of $38,513.¬† Aearo Technologies‚Äô tax abatement also included real estate for the construction of a 25,000 square foot office, production and warehouse facility at a total cost of $2,421,000.¬† The estimated the addition of 42 new employees and at this point have only added 22 employees.¬† Chipman noted that they have substantial compliance
Glenmark Industries at 1100 Pidco Drive was granted a tax abatement in 2005 for the purchase of various manufacturing and tooling equipment and building improvements for manufacturing operations.¬† ¬†The estimated cost of the proposed equipment was $440,000 with the actual cost being $695,000.¬† Estimated building improvements were $750,000 with the actual cost being $632,953.¬† Glenmark Industries projected the addition of 43 employees with estimated salaries of $1,247,000 and currently have added 99 jobs with an actual salary of $3,011,177. Glenmark met all compliance requirements.
The final Tax Abatement Compliance Form was from LSAC Plymouth LP, a New York based company that was approved in 2000 by Marshall County for a 150,000 square foot warehouse and distribution facility.¬† ¬†¬†In 2003 they wanted to build a second 150,000 square foot warehouse and distribution facility and were annexed into the city at 2935 Van Vactor Drive.¬† The project was estimated at $4,618,000 and the actual cost was $4,903,800.¬† They had also estimated the addition of 7 new employees with an estimated salary of $171,000.¬† The actual additional salaries were $220,296,000. LSAC Plymouth met all compliance requirements.
The Plymouth Common Council reviewed and accepted the three Tax Abatement Compliance Forms.