January 21, 2020

Deep River Town Meeting to Consider Three-Year Tax Abatement for PCI Medical

DEEP RIVER— Voters at a June 12 town meeting will consider a proposed three-year property tax abatement for the PCI Medical Inc. facility at 6 Winter Avenue. The town meeting begins at 7 p.m. in town hall.

First Selectman Richard Smith said the tax abatement, which was endorsed by the board of selectmen last month, would be extended to the renovations and new construction at the formerly vacant industrial building that were completed earlier this year. The abatement is allowed under state law to help encourage business expansion that boosts the taxable grand list. It would represent 50 percent of the annual tax bill for the renovations and expansion in the 2012, 2013, and 2014 fiscal years. The abatement would expire in 2015.

Smith said the town would abate about $6,000 of the annual $12,000 in new property tax that would be due on the building renovations and expansion. He said the town has approved temporary tax abatements for business expansions twice previously in recent years.

PCI Medical Inc. was established more than a decade ago with three employees in the town sponsored business incubator building at the Plattwood Industrial Area off Route 80. The company, which produces medical disinfectant devices, later relocated to available space at the former Uarco complex on Bridge Street. But in 2010, space limitations led the company to relocate to larger rented space in Chester.

The business returned to Deep River earlier this year, occupying the vacant 36,000 square-foot industrial building at 6 Winter Avenue on the north side of town. Smith said the three-year abatement would be more than offset by the taxes paid in subsequent years, with an added benefit of the new jobs created by the expansion.

Voters at the town meeting will also be asked to confirm the appointments of Ben Whelen and Sara Denegre as planning and zoning commission alternates.

 

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