Norton Shores approved a 12-year tax abatement for a production facility under construction in the city.
Greater Muskegon Economic Development (GMED) said Wednesday, May 11, the city of Norton Shores approved a 12-year tax abatement for Seal Bond’s new $14 million, 200,000-square-foot production facility currently under construction at 1251 E. Mount Garfield Road in Norton Shores.
Seal Bond, based in Spring Lake, produces industrial adhesives, sealants and coatings for a variety of industries, including product assembly, construction and raised access flooring.
The company expects to begin operations at the new location sometime this summer.
Scott Carmichael, Seal Bond’s president and general manager, said all of the company’s approximately 80 employees will move to the new facility, and Seal Bond plans to create 20 jobs over the next two years.
“We have experienced significant growth due to the construction boom and our recent entry into new markets,” Carmichael said. “As a result, we now find ourselves shoehorned in our current space. Our new location gives us room to expand, and its proximity to U.S.-31 is also more convenient for our employees, most of whom live in the Muskegon area.
“We believe this improved accessibility will also make it easier to attract new team members in the future.”
Norton Shores Mayor Gary Nelund said the Seal Bond abatement was approved unanimously, and the city is excited to welcome the company to the community.
“We continue to see interest from businesses looking to relocate or expand because of Norton Shores’ property values and easy access to two major highways. Our city council is receptive to offering tax abatements, one of the few economic development tools still available to local municipalities, especially when we see a company like Seal Bond ready to make a significant investment in our community,” he said.
Seal Bond initially will lease a portion of the new space to another area manufacturer in need of additional production capacity. However, Carmichael said the company’s long-term strategy is to occupy the entire space as it grows.