Exal Corp. gets tax break, plans expansion
YOUNGSTOWN — The Exal Corp. will hire 35 new employees as part of a $1.05 million expansion project at its Poland Avenue location.
The city’s board of control today approved a 10-year, 75-percent real-property tax abatement for the 7,800-square-foot expansion. The work should be done in about 90 days.
The company has about 300,000 square feet at the city’s Performance Place Business Park and employs about 400 workers.
The tax abatement will save the company $246,093.80 over a 10-year period. During that same time, the company will pay $82,031.30 in taxes for the addition.
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