| 2 min read | by Doug Marrin, email@example.com |
Tax abatement request for k-Space expansion
City Council held a public hearing on October 28, 2019, in consideration of a request from k-Space, Inc. for an Industrial Facilities Tax Exemption. The company’s request is the result of a 13,680 sq. ft. expansion to their existing facility in Bishop Circle Industrial Park. In addition to the 33 existing jobs, k-Space expects 15 new jobs will be created in the expanded building.
k-Space builds metrology tools, measurement tools for the semiconductor industry and have recently branched out into the solar power industry. They opened in 2008 and expanded in 2011. The company does more for the community than pay taxes.
“We hire a summer intern, or sometimes two, every summer and probably 80% of those high school students are from Dexter getting ready to go to college in engineering or science,” Darryl Barlett, CEO of k-Space told the council. “We are definitely involved in this community and love this community.”
The City of Dexter has an Industrial Facilities Tax Abatement Program designed to encourage new companies to invest in the community and to assist our existing companies, as they continue to grow their businesses in Dexter. The amount of temporary tax relief is based on the value of their investment in the community. After the formula is used, k-Space will save 50%, or $6,499.78, in annual taxes for their expansion for 9 years. After the abatement expires, the estimated annual tax for the new addition would increase to $12,999.56.
After City Council held the public hearing, the measure was approved. More information can be found here beginning on page 9.
Dexter Business Networking Breakfast
A Save-the-Date has been sent out to all businesses in the City and to the Chamber of Commerce for the Business Networking Breakfast on November 13, 7:30 a.m. – 9:00 a.m., at LaFontaine Chevrolet. The emphasis is on business-to-business networking with moments scheduled for business updates from Mayor Keough and other Dexter business leaders.
LaFontaine Street Parking
Speaking of LaFontaine, parking has been a problem and the City of Dexter asked their engineer to evaluate the situation to determine if a traffic control order in the form of a “No Parking” sign is needed for the dealership’s driveway approach on Ryan Drive. The engineers determined a sign is not necessary because the Michigan Vehicle Code already states “a vehicle shall not be parked … in front of a public or private driveway.” The City believes LaFontaine is doing its best to keep the driveway clear while up against circumstances out of their control from the manufacturer regarding the number of vehicles delivered. However, the information has been forwarded to the Sheriff.
The microbrewery, Erractic Ales, located on Grand Street will not meet their goal of opening in the fall, but the build-out is now in progress. They hope to open in early 2020. You can follow along on Facebook.
Jensen Pharmacy coming to Dexter
Steve Jensen, owner of Jensen’s Pharmacy in Saline, is currently negotiating a lease with Oxford Properties for the old Hallmark space in Dexter Crossings Plaza. Once a lease is secured, plans will be submitted to the planning commission and then to the city council for approval.
Ann Arbor EDC
Staff from the City and Dexter Economic Development Corporation President, Jim Carson, attended a meeting of Washtenaw County regional EDCs to gauge interest in establishing informal relationships between the groups. Another objective was to foster communication among business leaders in matters impacting economic development in Washtenaw County.