Arbor Networks Tax Abatement OK’d
At its Oct. 17, 2011 meeting, the Ann Arbor city council granted a tax abatement to Arbor Networks, a computer network security company. The abatement is on $883,527 of real property improvements and $7,790,454 of new personal property and equipment.
According to the staff memo accompanying the resolution, Arbor Networks was granted a tax abatement in 2008. The abatement agreement in 2008 required Arbor Networks to move 74 jobs to their Ann Arbor facility and add at least eight jobs. However, as of December of 2010 there were only 74 jobs at this location.
The staff memo on the current request for a tax abatement states that the digital information business is continually changing with new and faster technology. Arbor Networks needs new test equipment and digital equipment, and according to the memo, anticipates adding 20 new employees to the Ann Arbor facility.
This brief was filed from the city council’s chambers on the second floor of city hall, located at 301 E. Huron. A more detailed report will follow: [link] [Full Story]