Columbus has approved two tax abatements for Tulip Richardson Manufacturing, a Wisconsin-based company whose subsidiary, Richardson Molding, operates in the Woodside Industrial Complex.
City council members on Tuesday unanimously approved a resolution granting two tax abatements that are expected to save Tulip Richardson Manufacturing a combined total of around $103,000 in real and personal property taxes over a 10-year period, said Robin Hilber, assistant director of community development for the city.
As part of the agreement, the company plans to invest $2.7 million to install new manufacturing equipment at its facility at 2405 Norcross Dr., $250,000 to expand the Columbus facility and add 19 jobs this year with an average wage of $28 per hour, city officials said. Currently, the company employs 115 people locally.
“They’re actually bringing manufacturing down here that was previously done in Milwaukee, Wisconsin,” Hilber said. “They feel like that this is going to be very successful and they’re going to be able to double the size (of the Columbus facility) within the next few years.”
The manufacturing equipment that the company plans to install at its Columbus facility is related to the production of battery terminals, company officials said.
For more on this story, see Thursday’s Republic.
