The local Economic Development Growth Engine board approved two tax freeze benefits this week to facilitate some warehouse expansions:
The EDGE board approved a 3-year tax freeze for Stoughton, Mass.-based Franklin Sports, which is investing $550,000 here, adding 40 jobs and pursuing a 100,000-squrae-foot expansion of its local operations at 5510 Getwell Rd. Franklin wants to expand the company to capitalize on the departure of a competitor from the market, and the addition of 40 new employees will take its local workforce to a total of 167.
Meanwhile, Franklin, Mass.-based Barrett Distribution got a 5-year tax freeze to help the third-party logistics provider expand its existing facility while adding 35 new jobs and investing $4.9 million.
Barrett is planning a 254,940-square-foot expansion of its Memphis operations at 4836 Hickory Hill. Adding the 35 jobs will increase Barrett’s local workforce to 61.