Ashland Changes Tax Incentive Resolution For Company Due To COVID-19

The City of Ashland has changed a part of a resolution for a tax incentive to an area business.

RichlandSource.com reports, last year Rex Holdings, known as Primary Colors and Eco-Flo Products, requested a tax incentive for it's new facility on Commerce Parkway.

The company, due to the pandemic and a change in a tariff, is postponing a portion of the project. The agreement made in 2019 was for 75% tax reduction on the construction over a 10 year period.


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