Fastenall https://www.thebatavian.com/ en https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png Fastenall https://www.thebatavian.com/ Local Matters © 2008-2023 The Batavian. All Rights Reserved. Wed, 01 May 2024 18:16:27 -0400 https://www.thebatavian.com/themes/barrio_batavian/images/thebatavian_logo.png Fri, 04 Dec 2009 14:25:00 -0500 Fastenall landlord gets tax assistence from GCEDC for building expansion https://www.thebatavian.com/blogs/howard-owens/fastenall-landlord-gets-tax-assistence-gcedc-building-expansion/11264 A landlord in Stafford is receiving a $36,837 tax exemption to expand the building on its land, the GCEDC announced today.

BGW Properties, LLC, owns the land and building that is currently leased by Fastenall, a wholesale distribution company.

Fastenall has run out of space at the facility and was looking for a new location. The tax break will help BGW add 4,000 square feet to the building and keep Fastenall as a tenant.

The exemptions come in the form $5,600 in sales tax relief, a $1,375 mortgage tax exemption and a $29,862 property tax exemption.

BGW is expected to invest $110,000 in the expansion, and GCEDC estimates that the multiplier effect for the local economy is $47 for each dollar of tax relief.

]]> https://www.thebatavian.com/blogs/howard-owens/fastenall-landlord-gets-tax-assistence-gcedc-building-expansion/11264#comments https://www.thebatavian.com/blogs/howard-owens/fastenall-landlord-gets-tax-assistence-gcedc-building-expansion/11264 Dec 4, 2009, 2:25pm Fastenall Fastenall landlord gets tax assistence from GCEDC for building expansion Howard Owens <p>A landlord in Stafford is receiving a $36,837 tax exemption to expand the building on its land, the GCEDC&nbsp;announced today.</p> <p>BGW Properties, LLC, owns the land and building that is currently leased by Fastenall, a wholesale distribution company.</p> <p>Fastenall has run out of space at the facility and was looking</p>