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Trumbull County Commissioners are expected on Wednesday to approve an Enterprise Tax Zone abatement for a Hubbard pipe fabricationcompany that would like to expand.
VEC Inc., parent company of Evets Oil and Gas Construction, moved into its building in Hubbard two years ago, and already the company is busting at the seams thanks to work from the shale boom.
“I really believe Youngstown and the Mahoning Valley is now getting their second chance and we are just thrilled here at VEC to be a part of that. This is our piece in order to do that and expand and bring these capabilities to our customers, bring opportunities to our customers, bring opportunities to our employees and our team members,” said Dave Basalyga, director of logistical services at VEC, Inc.
The company plans a $2.5 million expansion that will include a new fabrication shop, office space and painting facilities. The expansion is expected to add 30 jobs to the Hubbard facility within three years, as well as retain 20 positions.
Hubbard City Council approved the Enterprise Tax Zone abatement for Evets on Monday. If the commissioners approve it, the company will receive a 75 percent property tax abatement for 10 years.
Hubbard Mayor John Darko said the abatement could result in future growth.
“The enterprise zone we established back in 1994 was established for just this type of a business to come in. Abatements were the last step to show them that Hubbard was open to business,” Darko said.
Basalyga said the expansion wouldn’t be possible without financial help from the city and county.
“We want to be here. This is our home. We found a secondary home in Hubbard and we very much appreciate them making the investment with the tax abatements and the credits they will afford us,” he said.
He said construction could begin in about a month.