LIMA — Allen County commissioners approved a 10-year, 60-percent real estate tax abatement for Lima Pallet Co. to help facilitate the company’s planned expansion.
With work underway to expand Lima water and sewer service to Lima Pallet, the company is now in position to consider the more than $1 million expansion, which would add two new buildings and 24 new jobs, according to Allen Economic Development Group CEO Jeff Sprague.
“They’ll be adding a 5,000-square-foot building and a 2,000-square-foot building,” Sprague said. “So if you look at the production out there right now, it will really help them to have a better flow, both from the production standpoint and from a material storage standpoint.”
Lima Pallet owner Tracie Sanchez noted that the expansion could not have taken place without the utility service, and she is hopeful that the addition will not only be good for her business, but also for Bath Township.
“We are adding new jobs and growing our business,” she said. “We are excited that the paperwork is almost complete and weather permitting may be able to start our first phase building yet this year. Once the water and sewer project is complete, hopefully by next early summer, weather permitting, we can continue with phase 2 which will include an additional building for production, restrooms and breakroom. This will allow us to continue to grow, servicing more customers, adding more jobs and to help support our local economy.”
The expansion would not begin until utility expansion is completed, with that project expected to be completed by next summer.
“The expansion of local businesses is very important to our overall economic development effort, and it’s another really good example of us coming together in the community to make it happen,” Sprague said. “Under the enterprise zone law, there are several steps that need to occur. One is that the school needs to be notified with a 14-day school notification letter, and then the Bath Township trustees had to approve it, which they did Tuesday at their meeting, and then it comes before the board of county commissioners.”
Reach Craig Kelly at 567-242-0390 or on Twitter @Lima_CKelly.