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Prysmian tax abatement confirmatory action continued

The Marion Common Council considered but continued a confirmatory resolution finalizing a previously approved Economic Development Agreement with Prysmian Cables and Systems USA, LLC, which includes at least a $28 million investment in new manufacturing equipment in exchange for a 10-year 75% personal property tax abatement. Final action on the abatement was postponed to July 7, 2026 pending clarification from the Department of Local Government Finance.

Document date · June 16, 2026

Issuing agencyTown of MarionVendorPrysmian Cables and Systems Usa Llc

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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
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
Not less than $28,000,000 investment; 75% personal property tax abatement for 10 years
Contract type
OTHER
Contract term
Ten (10)-year personal property tax abatement
Renewal
Economic Development Agreement includes a ten-year 75% personal property tax abatement on new manufacturing equipment; confirmatory resolution 9A-2026 still pending as of June 16, 2026.
Document type
Minutes
Source document
Marion Common Council Minutes 2026-06-16

Related contracts

Other contracts from Prysmian Cables and Systems Usa Llc.

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Catawba County Agreement Economic Development Agreement for Prysmian Cables and Systems USA, LLC 2026-09-01
APPROVED
Catawba County, North CarolinaMaximum Total Incentive Payments $27,328,135; annual caps per Chart B ranging from $1,721,520 to $3,267,700Sep 1, 2026
kentucky_economic_development_finance_authority_bo.pdf
AMENDED
Carter County, KentuckySep 29, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Marion?

Prysmian Cables and Systems Usa Llc was awarded this government contract by Town of Marion, as recorded on June 16, 2026. The contract value is Not less than $28,000,000 investment; 75% personal property tax abatement for 10 years.

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

The Prysmian Cables and Systems Usa Llc contract with Town of Marion is valued at Not less than $28,000,000 investment; 75% personal property tax abatement for 10 years.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Marion Common Council Minutes 2026-06-16 (Minutes), dated June 16, 2026 from Town of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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

Prysmian Cables and 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 and Systems Usa Llc's profile

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