The Gadsden City Council on Tuesday voted to amend a tax abatement to support an expansion of Prince Metal Stamping USA Inc. that is expected to bring about 65 jobs to the area.
The company, which is owned by The NARMCO Group in Windsor, Ontario, announced that because of an increase in business, it is looking to expand its investment in facilities and equipment from $13.5 million to $20.92 million.
“This is a continuation of what we consider a good partnership with Prince Metal stamping,” said City Council President Deverick Williams.
The expected average salary for the new jobs is $14 per hour.
The council previously approved tax abatements for Prince Metal Stamping to expand in 2008 and 2012.
By Michael Rodgers
Times Staff Writer