Beatrice Manufacturer seeking tax increment financing for warehouse expansion
BEATRICE – A plastics manufacturing company in Beatrice is seeking tax increment financing for an expansion.
Accuma Corporation’s application for tax increment financing was filed with the City of Beatrice and the Community Redevelopment Authority, which initially considers such applications.
The company wants to build a 52,000-square-foot building east of its current Gage County Industrial Park plant in northwest Beatrice on property the company owns. The more than $3 million expansion seeks $732,000 in tax increment financing to help pay for public improvements….such as demolition, grading and paving. Accuma employs some 80 workers and would add to its workforce with the addition. It has other facilities in Italy and North Carolina.
It’s estimated the project would produce a valuation increase on the 14.85 acre site of about $3.64 million. The area is already zoned for general industrial use.
The application for tax increment financing is considered by the city’s Planning and Zoning Commission and the Beatrice City Council. If approved, the final step would be approval of the development plan, by the C-R-A.
