FLINT TWP. — The Township Board of Trustees officially welcomed 4D Systems to town with a ten-year Industrial Facilities Tax Abatement, after a public hearing Monday night.
4D Systems, a robotics, software and engineering manufacturer, moved its headquarters from Auburn Hills to 4130 Market Place earlier this year. It sought a 12-year abatement but township officials decided that ten years is the norm.
Under terms of the abatement, 4D pledges to bring at least 30 high tech jobs – five each year from now through 2019.
Jean-Pierre Rasaiah, 4D Systems president, attended the hearing to answer questions. He said the company started in 2010 and outgrew its former location.
“Our business growth has driven the need for our relocation to and investment in the new facility,’’ Rasaiah said in his application letter. “The new facility was needed to remain competitive for the growing size of our projects as well as our growing staff.”
An accompanying list of 4D’s current and future investments included documentation of a $488,100 investment in the facility including the purchase price; security system installation and an air supply upgrade. The 12,640 square-foot building, sits on 2.47 acres, and was the last vacant building in that industrial district off Bristol Road near Bishop International Airport.
Township Supervisor Karyn Miller noted that the abatement applies only to personal property tax,
During the public hearing, resident Gene Leverette asked if township residents would get first priority in hiring.
Rasaiah said that hiring is based on experience and skills but 4D does heavy recruiting at Mott Community College.
Trustee George Menoutes asked about current staffing levels and if more than 30 people would be hired over the abatement period.
Rasaiah responded that 4D currently has about 50 employees and is a growing company with expectations to hire more people as it grows.
4D’s complete application for the Industrial Facilities Exemption Certification must be submitted to the State Tax Commission by Oct. 31 to ensure processing and certification by the 2015 tax year.
Charter Drive parcels
According to listing documents, the estimated value and acreage of the remaining eight unsold Charter Drive parcels are roughly as follows:
• 1.44 acres, $43,200 to $56.200
• 2.01 acres, $60,300 to $97,600
• 2.07 acres, $61,300 to $62,100
• 2.38 acres, $71,400 to $79,000
• 2.42 acres, $72,600 to $76,300
• 3.07 acres, $90,600 to $92,100
• 3.51 acres, $92,700 to
• 4.25 acres, $127,000 to