- change ups
Six Firms Land Tax Abatements
And a few of those recently got financial support from the city in the form of tax abatements.
One of those companies was Display Pack Inc., a contract packager of retail products at 1340 Monroe Ave. NW. Display Pack is renovating the building at 1600 Monroe Ave. NW because it needs more production and warehousing space. Victor Hansen said Display Pack recently won a new contract to package ink-jet cartridges for Hewlett Packard, a deal which allowed the firm to add 42 workers to its payroll and bring its total employees to over 400.
The expansion project will cost more than $820,000 and will include rebuilding the loading docks, installing new ADA restrooms, making upgrades to the electrical system, replacing the heating system, and making repairs to the building and the roof.
Display Pack also will be purchasing new equipment as part of the expansion.
Paulstra CRC Corp., at 460 Fuller Ave. NE, has a $12 million project to rehab the plant and buy new equipment. The firm plans to replace the electrical, plumbing and heating systems in its building, reinforce the wooden floors, and repair the roof. The company is investing $776,000 in the rehab portion of the project and spending $11.4 million on new equipment.
Paulstra molds rubber products for the auto industry. The firm expects to add 20 new jobs to its work force of 400 from the project.
Accuform Industries Inc., a sheet metal fabricator at 1701 Broadway Ave. NW, will spend $286,000 on production expansion and new equipment over the next few years. The firm, which serves the construction and manufacturing industries, will first buy new welders and a plate-bending roller.
Accuform employs a dozen and will add two jobs from the project.
Gilson Graphics, a commercial printer at 631 North St. NE, is investing $610,000 in a Roland two-color press. Gilson employs 51 workers and expects to add two more. The firm serves multiple markets, including the furniture, financial and marine industries.
Reflective Art Inc., a manufacturer of framed art sold in retail stores, is consolidating its operation into a single building at 4030 Eastern Ave. SE. The company currently is spread out across three sites and will invest $347,000 into its new 52,000-square-foot building.
Reflective has 19 workers and hopes to add eight more in the next few years.
Commissioners also agreed to designate 47 Commerce Ave. SW, known as the old Torco Building, an obsolete property. First Ward 1 LLC plans to renovate the single-story structure into a retail showroom or an office building. The renovation work will cost up to $2 million and take roughly seven months to complete.
New systems and a roof will be installed and exterior changes will be done to federal standards.
Cornerstone Architects is designing the renovation for First Ward.