BRATTLEBORO, Vt. (AP) - Officials say various state programs are being considered to help convince one of Brattleboro’s largest employers to remain in the area.
G.S. Precision’s president said in April he was considering moving the facility to West Chesterfield, New Hampshire, to expand.
Since then, officials have been working to build an incentive package to have the company expand in Brattleboro.
The Brattleboro Reformer reports (https://bit.ly/1UaLh3I ) the proposed project would cost about $18 million. It would expand the existing facility with about 25,000 square feet of industrial space, new machinery and equipment, and up to 100 new, high-paying manufacturing jobs.
The company was initially approved for over $1 million, and could see another $3 million to the package, along with potential financing of up to $1.5 million and federal tax credits.
Information from: Brattleboro Reformer, https://www.reformer.com/
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