Buoyed by an aggressive tax relief plan that helped propel the planned expansion of a longstanding company and potential deals for two other parcels of land, the South Worcester Industrial Park, which has for years stood as eight acres of mostly unfulfilled potential, is gaining momentum.
“The amount of progress that’s been made in the last three or four years has been huge,” Ronald Charette, executive director of South Worcester Neighborhood Improvement Corporation, said. “Now we’re making a huge step forward.”
Absolute Machinery, headquartered at 92 Gardner St., with a facility next door at 57 Southgate St., plans to purchase 25,000 square feet (a little more than half an acre) of abutting land for an expansion that will keep the plastics manufacturing machinery supplier from leaving the city, pending the expected approval later this month of a 10-year tax increment financing [TIF] pact.
“Anytime we can retain a business it’s a good thing, and in this case we not only kept Absolute in Worcester, we enabled them to expand their operations,” city Chief Development Officer Michael E. Traynor said in an email. “The portion of the ownership team based outside of Worcester had proposed that Absolute relocate to Ohio or North Carolina.”
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