Specialized Component Parts Ltd. Growing

11/28/2017
SCP Limited NEW LOGO.png
Article by Matt Murdock | KPC News | November 22, 2017 
 
AUBURN — A resolution granting a tax abatement to a city manufacturer passed on first reading at Tuesday’s Auburn Common Council meeting.
 
Specialized Component Parts Ltd. is seeking a five-year phase-in on $8.02 million in new manufacturing equipment.
 
The resolution passed 6-1, with Councilman Mike Walter against. A second reading and a public hearing are planned for the next council meeting Dec. 5.
 
DeKalb County Economic Development Partnership Executive Director Anton King also attended Tuesday’s meeting.
 
SCP makes ignition components for furnaces, gas ranges and other appliances. About 150 people work at its facilities at 1620 and 1700 S. Indiana Ave., said its director of finance, Ryan Criswell.
 
All of the equipment would be exempt from taxation in the first year of the phase-in. The exemption would decrease 20 percent each year thereafter.
 
Criswell said he joined SCP in 2015 when the company was a $1 million business. In just two years the company has grown to eight times that much, he said.
 
“This next round of investment will help us turn the corner to be more competitive with our international competitors and will bring a new level of technology and sophistication to our manufacturing process,” Criswell said.
 
Criswell said the new investment includes furnaces, cooling systems and automation equipment. 
 
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