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Town of Albion Awards $3,961,279 Tax Abatement Contract to Parker Hannifin (May 2023)

Town of Albion
Disclosed value
$3,961,279
From minutes
Approved
May 23, 2023
Term
5 years

The 30-second brief

What it covers

Albion Town Council approves a five-year personal property tax abatement for Parker Hannifin Corp's $3,961,279 investment in new manufacturing equipment, aimed at employee retention and economic revitalization.

Who holds it

Parker Hannifin holds this tax abatement contract with Town of Albion. Its other public contracts on record include work for Erie City SD and McCook Public Schools.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Tax Abatement
Amount
$3,961,279
Document date
May 23, 2023
Term
5 years
Vendor
Parker Hannifin
Agency
Town of Albion
Source document
albion-town-council-meeting-minutes-may-23-2023_b5e.pdf (Minutes)

Parker Hannifin's other public contracts

Erie City SD, PennsylvaniaParker Hannifin Provides STEM Activities at Erie High · Sep 1, 2026UndisclosedMcCook Public Schools, NebraskaBoard Accepts $5,000 Donation from Parker Hannifin · May 11, 2026$5KMcCook Public Schools, NebraskaBoard Accepts $5,000 Donation From Parker Hannifin · May 11, 2026$5KMcCook Public Schools, NebraskaBoard accepts $5,000 donation from Parker Hannifin · May 11, 2026$5KMcCook Public Schools, NebraskaBoard Accepts $5,000 Donation From Parker Hannifin · May 11, 2026$5KAll Parker Hannifin contractsVendor profile

More Town of Albion contracts

FLAT-OUTFlat-out Approved for Equipment Tire Purchase · May 19, 2026UndisclosedGainz Landscape ConstructionGainz Landscape Construction Wins Lawn Mowing Contract · Apr 21, 2026$55 per mowingStar BankStar Bank Approved as Township Financial Institution · Apr 21, 2026UndisclosedWh SecurityWH Security Receives Alarm System Upgrade Contract · Apr 21, 2026$1.8KSchmidt ElectricSchmidt Electric Approved for Meeting Room LED Upgrade · Apr 21, 2026$2.1KAll Town of Albion activityAgency profile

Questions about this contract

Who was awarded the tax abatement contract by Town of Albion?

Parker Hannifin was awarded this tax abatement contract by Town of Albion, as recorded on May 23, 2023. The contract value is $3,961,279.

How much is the Parker Hannifin contract with Town of Albion worth?

The Parker Hannifin contract with Town of Albion is valued at $3,961,279, covering tax abatement work.

What type of contract is this?

This is a Tax Abatement contract, documented as a minutes record.

Where was this contract approved?

This contract appears in albion-town-council-meeting-minutes-may-23-2023_b5e.pdf (Minutes), dated May 23, 2023 from Town of Albion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Parker Hannifin hold?

Parker Hannifin may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Albion currently buying?

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

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