WYOMING (July 20, 2010)—An estimated $3 million in personal property planned as part of a new Gordon Food Service Inc. office building will be exempt from taxes for three years under a deal approved this week by city officials.
The incentive comes as part of a package to support the private food service distributor's plans to consolidate some of its Canadian operations at its Wyoming headquarters on 50th Street SW, retaining 50 jobs and bringing in 175 new full-time employees.
To get the $24.2 million office built in Wyoming, Michigan Economic Development Corp. approved a state tax credit last month worth $1.7 million over five years and the city OK'd that an estimated $5.8 million in redevelopment costs be reimbursed by future tax proceeds.
The personal property tax exemption covers office furniture, fixtures and equipment installed through 2011.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.