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Engquist Tractor is not able to produce more productsEngquist Tractor is not able to produce more products, which is the reason the scale of client decreased. Due to the continual growth of the company, will need the expansion in order to accommodate the increased need of business.A state law was put into effect to automatically exempt equipment purchased after 1stJuly. Unfortunately, Engquist purchased a new machine prior to that date. If he would have known about the law and waited to buy the machine, he would not have had to make the tax exemption request. Engquist said there is still a need for more buildings. Most of his staff has worked for him for 10-12 years. It's a safe environment with modern equipment. Marvin Peters, Executive Director of McPherson Industrial Development, read a letter from the MIDC Board at the Oct. 3 meeting. The letter stated that the board reviewed a presentation on a complete industrial expansion. Board members were requested to assist Engquist's company in seeking property tax exemption on construction and equipment included in the process. The program met the standards of the constitution requirements of Kansas and criteria included in the McPherson County Resolution 04-14 and is to be considered for property tax exemption. The board requested a time and date to be set for a public hearing. MIDC will detail the findings with the state at the public hearing. A meeting between the Board of County Commissioners and Engquist was set for 10:10 a.m. on Oct. 31, to further discuss the proposal. Source: mcphersonsenitinel.com |
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