In order to stay, the Directors granted Fuss & O'Neill a 2-year tax abatement on its expansion properties, which will be located at 146 (their present location) and 160 Hartford Road.
"I am extremely proud they worked with our town administration to come up with the tax assessment agreement," Democratic Mayor Josh M. Howroyd said during the board's meeting.
In a memo detailing the expansion project, Pelligrini said that "the expansion, costing between $1.2 million and $1.6 million, is expected to add 11,000 square feet of space, for a total of 53,830 square feet between the two buildings, giving room for the company to hire an additional 30 workers..."
The abatement will cost the town $16,300 per year, but Pelligrini noted that any potential loss will be offset by personal property improvements, which will ultimately allow the town to collect $10,344 in taxes during the abatement period.
Money aside, Democratic Deputy Mayor Lisa Paggioli O'Neill, who is not related to the company's principles but is an engineer with Pratt & Whitney, said during the meeting that there's been a revitalization in the industry recently, especially in civil engineering, since the bridge collapse in Minnesota this summer.
Further, she said that having Fuss & O'Neill in town provides local teens an opportunity for job shadowing.
