Promising to make a total investment of “well over $100 million” over the next few years, Allied New Technologies 2 Inc. will receive a tax exemption projected to be worth $1.2 million over eight years.
Allied New Technologies 2 Inc. will locate a manufacturing facility near Port Manatee, creating 53 jobs by Jan. 1, 2019, with a $53.8 million capital investment. The 10-year project net benefit is estimated to be approximately $1.3 million in taxes paid to the county and $2.9 million to Manatee County School District, according to a presentation.
“Allied is now the largest chlorine re-packager in the Southeastern United States, and Florida’s largest manufacturer of sodium hypochlorite,” the company’s website states.
Under the 2013 voter-approved Economic Development Ad Valorem Tax Exemption, Manatee County Commission approved the tax exemption for Allied New Technologies 2 on Tuesday. This is the first such tax exemption in Manatee County.
“It is a great impact for us,” said Karen Stewart, county economic development official. “It’s by the port. It’s port-related.”
The facility will be built on 12 acres at 2815 Inland Transport St., Palmetto. The company, headquartered in Doral, has six plants in the U.S. with the largest in Fort Pierce.
“The plant we are talking about in Manatee County would be about 80 percent of that,” Allied CEO Jim Palmer said. “We are a long-standing company. We have run a plan. It’s not something that we are just hoping that works. During a hurricane, we are an essential service and we are in your backyard.”
They are in the engineering phase for the new facility, Palmer said.
“We hope to be in operation by July or August of 2018,” he said, adding that the plan will hire locally.
Commissioner Carol Whitmore voiced her approval that the first project under this program is near the port.
“I think it’s a good fit, especially where you are located,” she said.
This is a “nice use” of tax abatement dollars, Commissioner Vanessa Baugh said.
“It’s going to be a nice partnership,” she said.