ABLE plans 15K SF expansion in Agawam MA

ABLE Machine Tool Sales, Inc. plans to invest $2.46M on a new 15,000 SF manufacturing facility.  The expansion will increase the company’s floor space at 800 Silver Street, Agawam by 50% and will bring 10 new jobs to the area.

The Town of Agawam has approved a five-year tax increment financing agreement for over $70,000 to facilitate the project and the state’s Economic Assistance Coordinating Council approved another $75,000 in economic development incentive tax credits.

See attached MassLive article for more information.