Firm gets cash incentive in move




Money that was set aside to buy land as part of an agreement between the city and a developer is now being given to a company moving to Franklin.

In addition to tax breaks on equipment and land, the city approved up to $405,000 as a forgivable loan for Hetsco Inc. to help purchase and renovate a building.

The cash, which will come from the city’s tax-increment financing, or TIF, districts, is the second part of an incentive package offered to the company.

This story appears in the print edition of Daily Journal. Subscribers can read the entire story online by signing in here or in our e-Edition by clicking here.

All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.