Tax abatements can be tipping factor in relocations

When Mays Chemical Co. considered building a new facility for mixing and repackaging chemicals, such as glycerin for soaps, the tax breaks from Greenwood were part of what made the city an attractive location.

When the Indianapolis-based company chose to build in Greenwood, two of the deciding factors were the location in a business park near Interstate 65 and the nearly $550,000 in tax breaks Greenwood offered, according to Eric Gillispie, vice president and corporate controller.

“It’s not the only factor, but it’s an important factor when you look at the various costs,” Gillispie said.

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 ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.