CANTON: A Dutch company is expected to begin building a factory in the Mills Industrial Park in Canton Township in early 2013.
The Canton City Council approved two kinds of financial assistance for AmbaFlex on Monday.
The company will receive up to $125,000 if it creates five jobs.
The money comes from the city’s federal Community Development Block Grant.
The council also granted real estate tax abatement of 75 percent for 10 years. The company is to make payments to the Canton Local school district that are equal to the amount of taxes it would pay for schools without the abatement.
The company needs to move because its current facility at 1600 Whipple Ave. SW is not large enough for the conveyors it builds, Canton Development Director Fonda Williams said.
AmbaFlex is expected to move its 17 employees to the new building.
The industrial park is southwest of the city in Canton Township.
Under terms of a cooperative economic development agreement between the city and township, the city is to share proceeds from its 2 percent income tax with the township whenever company payroll exceeds $1 million a year.