Gadsden Approves Incentives For Industry

A $7 million expansion at Inteva Products will add 80 jobs, according to Gadsden city officials.

The City Council on Tuesday approved tax abatements for the expansion. The resolution before the council said it would add 10 jobs the first year and 80 by the second year. The plant’s annual payroll would increase by $200,000 the first year and $1.6 million the second.

Mike McCain, executive director of the Gadsden-Etowah Industrial Development Authority, said most of the money will be used for equipment purchases.

The tax abatements are for non-educational ad valorem taxes and non-education use taxes for the purchase of equipment.

The ad valorem abatement would be $33,600 and the use tax abatement $218,750 annually.

Inteva purchased the former Delphi Automotive Systems in 2008. In 2009, it announced a $9 million expansion that added a new product line and 50 employees.

By Andy Powell
Times Staff Writer