Dexter's QED Environmental Systems awarded 10-year tax abatement
QED Environmental Systems was granted a 10-year tax abatement Monday night by the Dexter Village Council.
The company, a supplier of environmental remediation products, moved into a larger building in the village’s industrial park.
“The determining factor that QED moved to Dexter was because of our tax abatement program,” said Jim Carson, president of the Village of Dexter Economic Development Corporation and a village councilman.
He said the company moved from Scio Township into the village’s industrial park and also has offices in Pennsylvania and California.
QED, located at 2355 Bishop Circle, asked for an abatement on $104,498 in new personal property and $758,043 in machinery and equipment, which is considered “real property”.
Courtney Nicholls, the assistant village manager, said in a memo to the council that the abatement would save the company about $3,000.
The company, which employs 49 employees here, is expected to add five new jobs over the next two years, according to its tax abatement application.
“The goal of the village’s Industrial Facilities tax abatement program is to encourage new companies to invest in our community and to assist our existing companies as they continue to invest in their businesses,” Nicholls said in the memo.
She said in the memo that the village benefits from the new jobs and by receiving 50 percent of the tax revenue that "we wouldn’t otherwise have if the company had not made the investment."
Currently, six businesses have active tax abatements in the village: Dexter Fastener, Abeltech, K-Space, Barry & Associates and Protomatic and DAPCO.
Dexter Fastener and Abeltech have both real property and personal property exemptions that expire this year.
Dexter Fastener has a second exemption that will expire in 2012 and Protomatic’s personal property exemption expires next year.
DAPCO has two personal property exemptions that expire in 2013 and Berry & Associates has a personal property exemption that expires in 2015.
Seven companies previously received exemptions, which expired during the last five years and one company, Dexter Research, was granted an exemption through 2022 but has yet to use the exemption.
Lisa Allmendinger is a regional reporter for AnnArbor.com. She can be reached at email@example.com. For more Dexter stories, visit our Dexter page.