From The Rebulican
By Fred Contrada
Friday, November 21, 2008
The City Council approved a tax break Thursday for the pioneering company at the Village Hill Northampton campus.
VCA, Inc./Alloy, LLC., a high-end woodworking company that recently became the first commercial tenant in the vast mixed use project located on the former Northampton State Hospital property, has told the city it hopes to expand at the location and create new jobs, with qualified local workers getting preference.
The Tax Increment Financing Plan, known as a “TIF,” encourages business expansion and job creation by giving tax small breaks on new growth to local companies.
Earlier this month, VCA opened its $2 million, 20,000-square-foot facility on Earle Street. The woodworking company specializes in high-end furniture and architectural millwork.