TUSCALOOSA, Ala. (WBRC) - The executive director for the Tuscaloosa County Economic Development Authority said it made good business sense to give Mercedes parts supplier SMP several hundred thousand dollars in tax breaks over time.
“SMP started in 2015 when they announced they were going to locate in Tuscaloosa County and since that time, they have met and even exceeded their goals in terms of employment and investment,” Danielle Winningham, executive director of the Tuscaloosa County Economic Development Authority, said.
This is why the group felt comfortable authorizing a $263,000 tax break to SMP. The company plans to build a third plant in the county next to its facility in the Cedar Cove Technology Park. SMP wants to invest more than $4 million in equipment and building materials in the new addition. More than 1,900 people work at SMP now and the expansion of operations will allow SMP to keep pace with the production needed to make vehicles at the area’s Mercedes Benz plant.
“They’ll be moving just over 100 employees over to this new facility and so this will free up some space for them.”
Construction of the new SMP facility starts next week and should be completed by June or July,