The LaGrange Town Council granted tax abatements to two LaGrange County businesses on Monday.
ATJ Real Estate Holding received a five-year abatement for a $275,000 for a building addition. Lake Area Designs was given a five-year personal property abatement for $498,294 for equipment. Steve Christner of Lake Area Designs, which does custom woodworking and design, said he planned to purchase an optimizing cut-off saw and optimizing rig saw to ease operations in the shop and allow the company to grow. Through the process, it plans to add five new employees.
A tax abatement provides a property tax break to a company that offers economic revitalization in the town.
Read the rest of the article at The LaGrange Standard.