8/15/17 – 5:36 A.M.
The Carey school board has signed off on a tax break for a company planning to move into the village. The Courier reports the board agreed to a 100 percent tax abatement for the JM Smith Corporation out of Spartanburg, South Carolina. The company plans to move into a speculative building in the Arrowhead Commerce Park.
Under the deal, the company would pay the school district around $8,300 every year for 15 years. The village council still has to discuss the deal before it’s final.
JM Smith plans to invest more than $51 million in a Carey location. They also plan to hire up to 50 people within the next three years. The company is a wholesale drug distributor to independent pharmacies.
MORE: The Courier