Norton Shores has approved a 12-year tax abatement for a production facility under construction in the city.
Greater Muskegon Economic Development (GMED) said Wednesday, May 11, the City of Norton Shores approved a 12-year tax abatement for Seal Bond’s new $14 million, 200,000 square foot production facility currently under construction at 1251 E. Mount Garfield Road in Norton Shores.
Gasketbased in Spring Lake, produces industrial adhesives, sealants and coatings for a variety of industries, including product assembly, construction and raised flooring.
The company plans to begin operations at the new site this summer.
Scott Carmichael, president and chief executive of Seal Bond, said all of the company’s approximately 80 employees will move to the new facility, and Seal Bond expects to create 20 jobs over the next two years.
“We have experienced significant growth due to the construction boom and our recent entry into new markets,” Carmichael said. “As a result, we now find ourselves shoehorning into our current space. Our new location allows us to grow, and its proximity to US-31 is also more convenient for our employees, most of whom live in the Muskegon area.
“We believe this improved accessibility will also make it easier to attract new team members in the future.”
Norton Shores Mayor Gary Nelund said the Seal Bond reduction was approved unanimously and the town was delighted to welcome the company to the community.
“We continue to see interest from businesses looking to relocate or expand due to Norton Shores’ property values and easy access to two major highways. Our city council is receptive to offering tax breaks, one of the few economic development tools still available to local municipalities, especially when you see a company like Seal Bond willing to make a significant investment in our community,” he said. -he declares.
Seal Bond will initially lease some of the new space to another manufacturer in the area in need of additional production capacity. However, Carmichael said the company’s long-term strategy is to fill all the space as it grows.