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Chattanooga City Council on Tuesday approved a 10-year Payment In Lieu of Taxes, or PILOT, program for Kordsa Inc.’s $50 million expansion of its manufacturing facility in Hixson.
City Council Approves 10-Year PILOT For Kordsa chattanoogan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chattanoogan.com Daily Mail and Mail on Sunday newspapers.
Kordsa Inc., a producer of industrial-strength nylon for tires, will seek a 10-year tax break from Chattanooga and Hamilton County on its $50 million expansion in Hixson, a project that it expects will create 200 new jobs paying between $25 and $40 per hour.
Kordsa, Inc. announced a $50 million investment to expand their manufacturing operations in Chattanooga, creating 200 new jobs and increasing their capacity.