Gadsden City Council Minutes 2026-05-26
City Approves Tax Abatement for Inteva Products Expansion
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Description
Gadsden City Council approved a 10-year tax abatement for The Renco Group, Inc. d/b/a Inteva Products, LLC to support a $7,668,500 expansion of their facility. The agreement covers multiple categories of taxes as an economic incentive.
Contract Details
Contract Amount
See notes (tax abatement, $7,668,500 capital investment)
Vendor
RENCO GROUP INC DBA INTEVA PRODUCTS LLC
Agency
Gadsden-Etowah MPO, AL
Contract Type
OTHER
Document Date
May 26, 2026
Contract Term
10 years
Renewal Date
2036-05-26
Renewal Info
10-year abatement; no renewal specified.
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