Two requests were before the Plymouth City Council members on Monday night to declare two properties as Economic Revitalization Areas. The action would pave the way for future tax abatements.
The first request came from Bomarko, Inc. whose leaders are anticipating a $5 million expansion investment with $2 million in building improvements and $3 million in equipment. A new printing press will be installed as part of the plan which will include a wider selection of colors and the capability of plastic printing.
The company has been in the community for 55 years. There are currently 120 employees at the business and 20 more are expected as part of this investment. They offer wages of $27.00 an hour and want to remain loyal to their employees as well as their customers.
The Plymouth City Council members unanimously approved a resolution to declare the real estate as an Economic Revitalization Areas.
In a second request, Marshall County Economic Development Corporation President and CEO Jerry Chavez said with all of the paperwork surrounding the Early Childhood Learning Center it was overlooked to include a request from Marshall County Life Center, Inc. to establish the real estate as an Economic Revitalization Area. Chavez explained that a for-profit entity is paying on the lease so there could be taxes assessed once the facility is open for business.
The Plymouth City Council approved a resolution to declare the real estate as an Economic Revitalization Areas with a 4-2 vote. Councilman Gary Cook opposed the vote saying that since TIF money was provided by the Plymouth Redevelopment Commission this action was not necessary. Councilman Jeff Houin abstained from the vote. Don Ecker, Jr. was not in attendance Monday evening. Duane Culp, Bill Walters, Shiloh Milner and Randy Longanecker provided favorable votes.
