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YOUNGSTOWN -- The city's board of control approved a 75 percent, 10-year real property tax abatement for P&L Metalcrafts LLC for an expansion at its 1050 Ohio Works Drive location.
The board approved the agreement Thursday after city council authorized it at a June 21 meeting.
The company employs 19 and would add 14 jobs, including eight full-time and two part-time jobs in the first year after completion of construction.
Metalcrafts manufactures metal components for water and sewer treatment plants, universities and schools, hospitals, sports stadiums, bridge painting platforms, water and concrete tanks as well as residential railings.
The company plans to spend $1.65 million to $2.575 million on its expansion. The work would be finished later this year.
P&L will spend between $900,000 and $1.5 million for building improvements and $750,000 to $1.075 million for inventory, machinery and equipment.
Under the abatement agreement, P&L would save about $103,000 in taxes and pay about $34,000 over the 10 years.