KALIDA — BK Tool and Design Inc. was granted a property tax abatement to build an addition onto their facilities in an unanimous vote by council during their meeting Monday.
Council and the local school districts must give their consent for a company to receive a property tax abatement to companies who ask for them while building additions and new buildings.
Community Improvement Corp. Economic Development Director Curt Croy said BK Tool’s addition with equipment will be worth between $1.7 million to 2 million. The abatement will allow them to pay 25 percent of the property take for the new building and in exchange they will create 12 new full-time positions and two part-time positions, he said.
“We are hoping to begin in the next couple of weeks,” Kevin Kahle with BK Tool and Design Inc., said. “And we hope to move in and be operational by the first of the new year.”
They will make the new positions available once the new facility is operational to help with the new workload, he explained.
It means a great deal to see the opportunities grow in the county, Croy said.
“I want to see it continue,” he said.
Reach Bryan Reynolds at 567-242-0362