Greenwood HVAC Company Gets Tax Breaks for Expansion

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

This audio file is brought to you by

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

The Greenwood City Council has approved a $220,000 tax break to help an HVAC company expand its footprint and build a new trade school. Our partners at the Daily Journal report council members voted 8-1 to approve the three-year real property tax abatement for Peterman Brothers.

The heating, cooling and plumbing company plans to a build a $6.5 million, 54,000-square-foot building at its current location.

The publication says more than 15,000 square feet of the project will be for the company’s Peterman Top Tech Academy, a training facility for the next generation of trades personnel. Peterman says the expansion will create 150 new jobs.