Town of Dalton Annual Town Meeting Agenda 2026-05-04
Sinicon Plastics Granted Five-Year TIF for Expansion
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Description
Dalton enters a Tax Increment Financing Agreement with Sinicon Plastics Inc. supporting a $5 million plant expansion and job growth at 455 West Housatonic Street. The company receives a five‑year, phased property tax exemption while its tax bill is projected to triple by the end of the term.
Contract Details
Vendor
SINICON PLASTICS INC
Agency
Town of Dalton, MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Approximately FY27–FY31 phased TIF schedule (5 years)
Renewal Date
2031-06-30
Renewal Info
TIF specifies a five‑year declining exemption schedule (100%, then 90%, 70%, 50%, 20% on the incremental value); no renewal or extension options are mentioned.
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