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FINANCIAL_SERVICESAPPROVED

Town of Marion Awards Financial Services Contract to Prysmian Cables & Systems Usa Llc (June 2026)

The Marion Common Council approved an Economic Development Agreement with Prysmian Cables and Systems USA, LLC, granting a ten-year, 75% personal property tax abatement on roughly $32 million in new equipment. The incentive supports an expansion project expected to add 29 full-time jobs by 2028 at the company’s Marion facility.

Document date · June 2, 2026

Issuing agencyTown of MarionVendorPrysmian Cables & Systems Usa Llc

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Ten-year, 75% personal property tax abatement on approximately $32,000,000 in new equipment
Contract type
FINANCIAL_SERVICES
Contract term
Ten-year personal property tax abatement
Renewal
Ten-year personal property tax abatement; no renewal terms described in the minutes.
Document type
Minutes
Source document
City of Marion Common Council Minutes 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Marion?

Prysmian Cables & Systems Usa Llc was awarded this financial services contract by Town of Marion, as recorded on June 2, 2026. The contract value is Ten-year, 75% personal property tax abatement on approximately $32,000,000 in new equipment.

How much is the Prysmian Cables & Systems Usa Llc contract with Town of Marion worth?

The Prysmian Cables & Systems Usa Llc contract with Town of Marion is valued at Ten-year, 75% personal property tax abatement on approximately $32,000,000 in new equipment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Marion Common Council Minutes 2026-06-02 (Minutes), dated June 2, 2026 from Town of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prysmian Cables & Systems Usa Llc hold?

Prysmian Cables & Systems Usa Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Prysmian Cables & Systems Usa Llc's profile

What is Town of Marion currently buying?

Explore Town of Marion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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