BRISTOL — A packaging company is considering a $25 million investment in a new factory that could bring 50 new jobs to the Bristol area.
The Bristol Town Council heard a presentation Tuesday evening, Feb. 18, by Chad Sweeny of Ginovus, a site selection firm, concerning a proposal to build on approximately 21 acres in the Bristol Park for Industry.
The name of the company was not disclosed, but it is considering building a new 160,000-square-foot facility to make corrugated cardboard. The company would invest $25 million in property, equipment and infrastructure and create 50 new jobs. The company is considering the site in Bristol and an existing facility in Michigan.
Sweeny approached the council about a tax abatement for the company. The property is not inside the city limits, but the town council will begin the annexation process at its meeting at 7 p.m. Thursday evening at its meeting at 7 p.m. in the town hall. Town attorney Glenn Duncan explained that the town can’t grant a tax abatement on the property until it has been annexed.
Also at Tuesday evening's work session, the council heard senior engineer, Josh Weaver of Jones Petrie Rafinski present a proposal for engineering services to optimize the town’s current water system and combine it with the new wel field which will be built in the Bristol Park for Industry. The council will vote on the engineering proposal at Thursday evening’s town council meeting.
The council will also consider an increase in the town’s water rate Thursday evening. In December, council members received a draft water rate ordinance that would create a 2 percent increase the first year and an additional 2 percent increase every year for the next 3 years.