Firms asking for tax breaks

A Franklin board recommended tax breaks for two companies that plan to create about 60 new jobs and invest more than $8 million in the city.

The proposed tax breaks will save Hetsco Inc. and Pridgeon and Clay a total of more than $600,000 over the next 10 years.

Hetsco is relocating its headquarters from Greenwood to Franklin and will buy the shell building on Graham Road for $1.8 million, spend $2.2 million to renovate it and add $400,000 of equipment at the new location. The company, which primarily does service work on aluminum heat exchangers used in the energy industry, is consolidating from multiple offices in Greenwood.

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