Columbia company wants tax break to add 135 jobs

3 years 3 months 1 week ago Monday, August 08 2016 Aug 8, 2016 Monday, August 08, 2016 8:05:00 PM CDT August 08, 2016 in News
By: Jack Barlow, KOMU 8 Reporter
loading

COLUMBIA - Over a hundred new jobs could be available for Columbia residents in the near future. The company Dana Light Axel Products is seeking approval from the Chapter 100 Taxing District Review Panel to receive a tax break on an investment to the company's Columbia plant.

The company manufactures parts for off road vehicles. It wants to invest $39 million into new machinery and equipment and wants a 50 percent tax abatement on the investment. The company currently employs 89 people at its Columbia plant, and the investment could provide the area with 135 additional positions.

Darin Preis, Columbia Board of Education member, will vote on behalf of the board at the Chapter 100 review panel. Preis says he believes the deal will benefit multiple parties involved and appreciates the company's commitment to hiring local residents.

On Monday night, the Board of Education unanimously agreed Preis should vote in favor of the proposal.

"They are planning to draw from the local employment pool so it won't be attracting new people, but it will be creating good jobs for local citizens. So it's not creating new costs for any of the taxing entities, like Columbia Public Schools, but it is increasing the revenue that is available through the other 50 percent of the tax," Preis said.

REDI representative Dave Griggs presented the details of the proposal to the board and answered any questions members had. He said the Dana plant previously employed up to 400 people, but technology phased out a majority of the employees. 

The review panel will meet Thursday, Aug. 18 to vote whether to approve the abatement.

This would be only the third Chapter 100 bond the panel has approved. ABC Labs was the first to receive an abatement, and the break will end shortly after a 10 year period. Heinz and Kraft received an abatement last year for a local factory.

More News

Grid
List
COLUMBIA -- The Missouri Job Center will host a job fair on Wednesday at the Daniel Boone Regional Library. ... More >>
49 minutes ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 3:45:43 AM CST November 20, 2019 in News
JEFFERSON CITY - Crews are investigating a fire that started in the front room of a house Tuesday evening. ... More >>
6 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 9:37:00 PM CST November 19, 2019 in News
COLUMBIA - Michael Demkowicz had tried everything to quit smoking. The patch. The pill. The gum. Nothing worked —... More >>
7 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 8:35:29 PM CST November 19, 2019 in News
COLUMBIA - On Tuesday night the search committee to find the new Vice Chancellor for Inclusion, Diversity and Equity held... More >>
9 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 6:58:00 PM CST November 19, 2019 in News
COLUMBIA - A 911 dispatcher ordered all employees to evacuate the KOMU 8 News building on Highway 63 after a... More >>
10 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 6:26:00 PM CST November 19, 2019 in News
COLUMBIA - The trial for a man accused in a 2018 deadly New Year's Day Waffle House shooting got underway... More >>
12 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 4:26:00 PM CST November 19, 2019 in News
COLUMBIA - The Cradle to Career Alliance unveiled its annual community report card at a luncheon Tuesday. The group... More >>
13 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 3:19:00 PM CST November 19, 2019 in News
SWEET SPRINGS - For years, if someone needed emergency medical attention anywhere between Columbia and Kansas City, there's a good... More >>
13 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 3:10:00 PM CST November 19, 2019 in News
COLE COUNTY - A pedestrian was killed after being struck by a car while attempting to cross U.S. 54 Tuesday.... More >>
14 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 2:25:00 PM CST November 19, 2019 in News
ST. LOUIS (AP) — Republican legislators and Republican Missouri Attorney General Eric Schmitt on Tuesday laid out legislative priorities... More >>
15 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 1:25:55 PM CST November 19, 2019 in News
COLUMBIA - Police arrested a Columbia man after a car chase in north Columbia Tuesday morning. The chase began... More >>
17 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 11:14:00 AM CST November 19, 2019 in News
LAKE OZARK - A former teacher in the School of the Osage district pleaded guilty to having sexual contact with... More >>
18 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 10:27:00 AM CST November 19, 2019 in News
COLUMBIA - A judge ruled Monday that the University of Missouri's rule barring guns from its campuses is constitutional. ... More >>
20 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 8:23:00 AM CST November 19, 2019 in News
COLUMBIA - Randall Siddens, 34, passed away Monday afternoon from injuries sustained in a car crash on Grindstone Parkway in... More >>
21 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 7:14:00 AM CST November 19, 2019 in News
WASHINGTON (AP) — Two top national security aides who listened to President Donald Trump’s call with Ukraine are preparing to... More >>
22 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 5:36:46 AM CST November 19, 2019 in News
(CNN) -- UFC fighter Ben Askren, 35, announced his retirement Monday while on the ESPN podcast " Ariel Helwani's MMA... More >>
23 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 5:28:00 AM CST November 19, 2019 in Sports
NEW YORK (AP) — Derek Jeter is among 18 newcomers on the 2020 Hall of Fame ballot along with former... More >>
23 hours ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 4:52:00 AM CST November 19, 2019 in Sports
NORTH PLATTE, Neb. (AP) — Human remains discovered in a Nebraska stock trailer appear to be from one of... More >>
1 day ago Tuesday, November 19 2019 Nov 19, 2019 Tuesday, November 19, 2019 4:14:25 AM CST November 19, 2019 in News
Columbia, MO
Broken Clouds 43°
5am 41°
6am 40°
7am 40°
8am 45°