Picometrix Gets Ann Arbor Tax Abatement
At its Sept. 19, 2011 meeting, the Ann Arbor city council voted to approve one tax abatement and to set a public hearing for another.
Getting approval for its request for a tax abatement was Picometrix LLC, located at 2925 Boardwalk in Ann Arbor. Picometrix is a supplier of high-speed optical receivers.
The 5-year abatement would apply to $2,434,882 worth of personal property that Picometrix is acquiring. From the application for abatement: “Due to the projected increase in production volume, the company will need to purchase assets to maximize production and support added staffing.”
The list of personal property included in the application ranges from garden-variety desks and cubicles to digital oscilloscopes and laser beam profilers. The abatement will reduce the company’s annual tax … [Full Story]