Posted by – Steve Cohen, Director of Community Development
More private investment is coming to the City of Auburn Hills. No doubt, new construction is music to our ears!
Tax revenue generated from new business investment helps the City fund services such as road improvements, police and fire protection, senior programs, and parks. Many may not know that companies pay 80% of the taxes in Auburn Hills. Thus, we have found that attracting and retaining businesses is the key to our community’s long-term financial stability. If we fail to grow, the tax burden would slowly shift from businesses to existing homeowners – which would result in less revenue for City services.
So, we are pleased to report that Plastics Plus, Inc. plans to construct a new 46,400 sq. ft. building immediately adjacent to their existing facility at 4225 N. Atlantic. They are a family-owned and operated distributer of thermoplastic resin.
Thermoplastic resin is a material that softens when heated and hardens again when cooled. Plastics Plus, Inc. creates and ships custom-colored resin pellets, which are processed and molded by their customers into automotive and consumer products (e.g., bottles, packaging, furniture, appliances, electronics, etc.).
The Planning Commission is scheduled to review the site plan application for this new building on Tuesday, June 26th at 7:00 p.m. in the Council Chamber at City Hall.
Plastics Plus, Inc. will be leasing their existing building to a company named LXR Biotech. LXR Biotech will produce a new energy drink at the site called Eternal Energy. They just entered into a contract to sell their products at Wal-Mart and plan to produce 4,000 bottles per hour in Auburn Hills. Pretty cool!