Aphena Pharma Solutions is slated to receive a $134,000 State grant on the condition that it retains a minimum of 100 jobs in its location in the Town of Easton for at least five years. The Town is also providing a $13,400 matching grant for the company, and both the Town and Talbot County Council have agreed to abolish the Town’s personal property tax for all qualifying manufacturers. Salisbury Pewter, Jasco USA and Chesapeake Publishing, among other Easton manufacturers, are also expected to take advantage of personal property tax savings.
“By working with our partners in Talbot County and the Town of Easton, as well the leadership of Aphena Pharma Solutions, we are preserving highly-skilled jobs and ensuring that this company will continue to grow and invest in Maryland,” said DBED Secretary Dominick Murray. “I applaud the County and Town for working with Aphena to develop a creative solution that not only spurs economic development, but helps grow manufacturing in Maryland.” The partnership, grants and tax relief package are the result of Aphena Pharma Solutions’ efforts to comply with U.S. Food and Drug Administration water regulations after the company began a $3 million expansion project in 2013. To address its need for a new potable water source, the company requested being annexed into Easton to access the Town’s water supply. To offset the cost of annexation, the Town voted to abolish its personal property tax for manufacturers. The County approved a $150,000 grant to the Town to offset the loss in tax revenue. Additional State and Town grants for the company followed.
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Rick and Jim Boy and Day could learn a few things from Talbot County.
ReplyDeleteThis is a very pathetic attempt at corporate welfare.
ReplyDeleteI just found out that Maryland has lost another major manufacturer near Hagerstown. Saputo Cheese is closing their factory here to move to another state! They employ over a thousand people. Another loss to the Maryland economy!
ReplyDeleteKeep shoving those pills down your throat.
ReplyDeleteTake note from North Carolina, these tax breaks bring jobs period. Just google the amont of jobs that hace come to NC and the tax breaks for the companies. It's wort it! Don't be short sighted. The area still benefits because the employees pay income tax, and then spend their money. Short sightedness is why Wicomico County is dying before your eyes. Taxing companies to death doesn't make them want to set up shop.
ReplyDeleteWithout corporate welfare most would not survive.!Hundreds would go under if not for taxpayer support just look how many of the largest ones only do government work.
ReplyDeleteMaryland is not a business friendly state.
ReplyDelete