A new business coming to Franklin was approved for two tax breaks, and is also planning to ask for help with paying for equipment or a rail spur.
84 Lumber announced last week that they will move into the former Trussway building, located at 1850 N. Graham Road, inside Franklin Business Park. Officials want to purchase $1.75 million in new equipment, as well as spend about $650,000 to renovate the 80,000-square-foot building, according to the tax abatement paperwork.
The company is planning to add a manufacturing facility, where workers will manufacture wood roof trusses, floor trusses and wall panels.
84 Lumber plans to create up to 100 jobs with an average hourly wage of $15.38 without benefits by 2019. Employees would also receive benefits, including medical, vision and dental insurance, said 84 Lumber director of real estate and development Cheri Bowmar.
Members of the Franklin Economic Development Commission approved a five-year tax break on the $1.75 million purchase of new equipment and a seven-year tax break on the company’s $650,000 investment to renovate the building. 84 Lumber will save about $87,000 in taxes through the two abatements.
84 Lumber is also requesting $200,000 from the Franklin Redevelopment Commission to purchase equipment or to improve a nearby rail spur. The redevelopment commission has not met yet to vote on the request.