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Hamilton County will consider tax incentives for East Ridge business expansion

Contributed / A rendering of the exterior of TCP Printing & Packaging's expanded facility on Ringgold Road. The company plans to add more than 90 new jobs and build a new 60,000 square foot expansion.
Contributed / A rendering of the exterior of TCP Printing & Packaging's expanded facility on Ringgold Road. The company plans to add more than 90 new jobs and build a new 60,000 square foot expansion. Contributed / A rendering of the exterior of TCP Printing & Packaging's expanded facility on Ringgold Road. The company plans to add more than 90 new jobs and build a new 60,000 square foot expansion.

By David Floyd 3 min read

An incentive package going before the Hamilton County Commission next week would spur the creation of 90 new jobs in East Ridge that pay an average $48,800 per year.

The commission will vote next Wednesday on a five-year tax break for Textile Printing Co. through a payment in lieu of taxes agreement, which allows the company to be relieved of general purpose property taxes and business taxes for a certain time period to reward the investment in economic growth. The deal will not cover tax money collected to fund the school system.

(READ MORE: East Ridge business alliance hopes to aid growth and redevelopment)

The company plans to make a $21 million investment in its East Ridge operations and will be adding a 60,000-square-foot building next to its existing 150,000-square-foot facility on Ringgold Road.

Hamilton County Mayor Weston Wamp said he inherited the proposal after he came into office Sept. 1 and the tax incentive is unique because it’s occurring in another municipality outside Chattanooga.