A Greenwood company has requested tax breaks and money to help fund a new business and add up to 50 jobs in three years.
National Trade Supply LLC asked Greenwood for a five-year property tax abatement on equipment, which would save the company about $38,500, and $50,000 in cash to pay for equipment for the new company, Midwest Purification LLC. Midwest Purification would manufacture residential water filters that National Trade Supply will sell.
The company estimates the new business is a $6 million investment to start the filter maker and hire 40 to 50 new employees within three years. The jobs will be full time with wages of $13 to $20 per hour, plus medical, dental and retirement benefits.