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.

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