A Greenwood business owner is getting a property tax break as he seeks to expand a building and employ nine more workers.
The Greenwood Redevelopment Commission unanimously approved a 10-year, $39,000 tax break for Allstar Properties, which purchased the former CTW Manufacturing & Transportation building at 601 Sayre Court in 2015. Allstar Properties will receive a $39,000 tax break and pay $70,000 in real estate taxes over that time frame.
Dennis Curlee owns a group of companies that currently employ 61 people and the addition will allow for another nine employees to be hired with an average salary of $39,000, not including benefits.
A 20,200-square-foot warehouse addition will be built onto the property, which will double the space. The cost of the construction is $300,000, and another $125,000 will be spent on machinery and equipment. The tax break is only on the addition.
The building will be used by two companies owned by Curlee: SlyFox Creative, a graphic design company, and Titan Lifts, which designs, builds and sells vehicle lifts.
The project is scheduled to be completed by July 3.