National Research Company (NRC) was able to expand its operation in Chesterfield Township with the help of Curt Chowanic, senior economic developer, who helped them secure a tax abatement.
NRC, a recycling, waste materials recovery business located in the electric, gas and sanitary services sector, was able to obtain an eight-year tax abatement, saving the company about $212,000 over the life of the term.
Chowanic assisted the company to secure an Industrial Development District (IDD) with Chesterfield Township which helped secure the tax abatement for the company from the township, The proposed 26,250-square-foot addition will expand NRC’s metal recovery and strategic minerals business and allow for the production of electric vehicle and battery ready materials. The expansion will serve as a pilot plant and testing center for new production and future expansions, allowing the company to remain competitive in the industry.
The expansion will also create 10-15 new jobs for NRC, and real and personal property investment is estimated at $2.25 million.
Businesses looking to expand or open new locations in Macomb County can always turn to MCPED and its economic development team early in the process to handle the abatement process, ensuring maximum tax savings at no cost to them.
