A company that makes food packaging products will be granted a tax abatement thanks to City Council designating it as an Economic Revitalization Area at its Jan. 14 meeting.
Sabert Corp is building a new Advanced Technology Center at 8510 Ardmore Ave. The total estimated project cost is $30.7 million. The project will create 19 full-time, permanent jobs for a total additional annual payroll of $1.5 million with an average annual salary of $76,768.
The project also will retain 62 full-time, permanent jobs with a total current payroll of $4 million, with the average current annual salary of $64,917.
Under the abatement, taxes on improvements to real property and personal property are phased in over 10 years.
Sabert also sought, and was granted, a waiver of noncompliance for failing to file the abatement application by the required date.