Saturday, June 16, 2012
Wilmington company Analog Devices seeks tax relief for its expansion plan that could exceed $200 million. Where do you stand on the issue?
At the last Board of Selectmen meeting, Analog Devices broached the subject of potential tax relief for an expansion project that could surpass $200 million. By providing a tax break, residents would allow the company to pay a portion of its scheduled rate for a number of years decided by the board. With the expansion of the facility, Wilmington could see a better property tax rate and a possible boost in the local economy brought by the extra jobs created. In order for the plans to be approved, residents would have to pass the negotiated terms at a Town Meeting. So we want to know. Is this a plan you could get behind? Vote in our poll and let us know your thoughts in the comments section below.
Tuesday, June 12, 2012
Company asked Board of Selectmen to consider approving Tax Increment Financing plan that allow for $200 million project in town.
Analog Devices is looking to begin a potentially $200 million expansion project that could bring a boost to the local economy through a property tax boost and other methods. Whether that project will take place in Wilmington is what remains to be seen. Representatives from the company and the state were at Monday’s Board of Selectmen meeting, during which they proposed the possibility of taxpayers eventually approving a Tax Increment Financing (TIF) agreement through designating the town an Economic Target Area. If that occurred, Analog Devices would continue to pay its current tax rate, but would receive real estate tax relief on the expansion portion, a number that could be anywhere between 5 and 100 percent for between 5 and 20 years …
Monday, June 11, 2012
Items other than joint meeting with School Committee are on the agenda on Monday night.
Wilmington's Board of Selectmen will talk about the new high school project with residents and School Committee members on Monday night, but that isn't the only item on their agenda for the evening. Selectmen have a pair of appointments beginning at 7 p.m. before the joint meeting kicks off at 7:45 p.m in Town Hall. First at 7 p.m., Rich Walukiewicz, Operations Manager at NAPA Auto Parts, holds a public hearing on his request to amend the company's flammable license for the Woburn Street location. Then at 7:10 p.m., representatives from Analog Devices will be in front of the board to discuss the company's expansion plans and talk with selectmen about the Economic Development Incentive Program. Vice President and Chief Financial Officer …
Thursday, May 31, 2012
Wednesday night ozone leak at Analog Devices was controlled quickly and employees were transported for precautionary reasons.
Six Analog Devices employees were transported to area hospitals following a chemical exposure that was controlled quickly thanks to the company’s emergency management plan. John Brown, Wilmington Fire Department Deputy Chief, said crews received a call after 10 p.m. on Wednesday for an ozone leak at a processor inside the building. By the time crews responded to the Woburn Street scene, the building was evacuated and all chemical readings were at zero. The six employees who were in the area of the processor when the leak was reported were transported to the hospital, but it was strictly for precautionary reasons, Brown said. “It was an event, but a non-event because of the systems they have in place there,” said Brown. “The response …
Sunday, April 15, 2012
Analog Devices brought demonstrations to Wilmington Middle School at Friday science fair.
Wilmington Middle School students took part in a hands on science lesson Friday as Analog Devices brought a variety of science experiments to the school. Waves of students moved throughout the science lab filling out worksheets as they learned about things like dry ice, electricity, and sound waves.