Bedford Township recently voted to approve an application to transfer a tax-exempt certificate for a Temperance business, helping them make improvements and keep jobs.
The Bedford Township Board of Directors voted unanimously to allow Carrdan Corporation, 100 Reed Dr. in Temperance, to transfer an existing Industrial Facilities Tax (IFT) exemption from Unique Tool and Manufacturing, l former tenant of this address.
Carrdan had told the board that he planned to make construction and improvement plans totaling $1,873 million. The tax exemption will allow them to retain 23 to 25 jobs and potentially increase the number of jobs.
Carrdan, which is currently located at 7325 Douglas Rd. in Lambertville, will take over the Reed Dr. property. , at a fixed rate of 50%.
Unique Tool and Manufacturing, which made specialized, uniquely shaped machined parts, held a 12-year exemption certificate that will now go to Carrdan, and it will expire in 2025. Carrdan, which specializes in automotive components, bought the 120,000 square foot facility on Reed Dr. in November 2021 for $5.5 million. The company announced that the new facility will provide ample space for its gas spring and ball plug operations.
Bedford supervisor Paul Pirrone said he was pleased the board could approve the transfer request and was pleased to see strong industrial businesses remaining in Bedford.
“I’m glad we have opportunities like this to support local businesses,” Pirrone said.
