Topre America $21 Million Expansion Comes To Cullman

by | May 26, 2017 | Business, City News, County News, Cullman, Cullman City, Good Hope

East Elementary Archery 2017 State Champions
Topre America $21 Million Expansion Comes To Cullman

Topre America Corporation will continue to invest heavily in the Cullman community.

Topre America Corporation is poised to embark on a massive $21,000,000+ expansion project at their County Road 222 facility.

The project includes the following:

• A new, 42,500 square foot building

• A new Hot Stamp Press Line

• 54 new job with an average annual salary of $52,000+

Total Investment In Cullman = $21,236,691

Established in 1935, Topre America Corporation has been advancing their core technology processes ever since. They are considered a worldwide leader in metal press forming technology and die design technology for automobiles, temperature controlled logistics, air conditioning systems, and electronic equipment.

Their Cullman automobile equipment factory was completed in June of 2004.

Dale Greer, the soon-to-be Director of the Cullman Economic Development Agency (CEDA), appeared before the Cullman County Commission this week working to secure a tax abatement on behalf of Topre America.

He presented a compelling case for the tax abatement proposal citing the profound positive effect of Topre America’s high velocity support of Cullman’s nationally prominent, sustained economic growth:

“Topre America committed to Alabama an investment of $200 million and 300 jobs when they came to Cullman. They now have invested $600 million, and their employee count is at 600. They are also a major partner in the ongoing growth of Cullman through their charitable contributions and significant funding input to our educational systems through their remittance of tax dollars.

 

People ask me about tax abatements all the time. They seem to think these abatements are corporate welfare with the community giving away tax revenue for no reason. That is NOT the case.

 

As an example, in this instance with Topre, they do NOT have to proceed with this expansion in Cullman. They have facilities in Missippi, Ohio, and Tennessee where they could do the same thing. This expansion is a new investment – new money, new jobs & new commerce – coming into Cullman and it will deliver approximately $644,344 into the educational system in Cullman over the 10-year term of the abatement.

 

Topre America has been a loyal business citizen to Cullman. A tax abatement facilitating and rewarding their expansion plans locally is a smart business action for the community.”

Associate Commissioners Kerry Watson and Garry Marchman unanimously approved the full tax abatement with the support of Cullman County Commission Chairman Kenneth Walker.

Stanley Kennedy of CEDA has done the hard math on the abatement. This action will save Topre $1,046,901 over the 10-year term of the agreement. With $2,808,000 in new employment income to Cullman residents, the $644,000 going to the school systems and the incalculable economic ancillary benefits to the community as a result of the abatement delivers a win-win partnership for all parties involved.

From a local perspective, securing the Topre America’s expansion in Cullman certainly beats the unappetizing alternative of new money and economic growth disappearing into distant locales with Cullman getting nothing.

Topre America Corporation

Most Recent Stories On Cullman Today

Cullmans Newest Published Author DAWN M OWENS

Cullman’s Newest Published Author DAWN M. OWENS The Book: “Like Me Or Not Overcoming Approval Addiction” Director of The Link of Cullman County and now internationally available published author - Dawn Owens - held a pre-launch event at Karma’s Coffee House in...

Judge Kim Chaney Swears In New Volunteers To Assist Neglected Abused Children

Judge Chaney Swears In Volunteers To Assist Neglected Abused Children Cullman County District Judge Kim Chaney recently swore in several new Court Appointed Special Advocates (C.A.S.A.). These Cullman residents volunteer their time, compassion, and commitment to...

James Spann Teaches Weather Science To Cullman Homeschoolers

James Spann Teaches Weather Science To Cullman Homeschoolers The Cullman Homeschool Connection in conjunction with Fancher Education Center brought famed ABC 33/40 meteorologist James Spann to Cullman this week. Coach Spann dazzled the 275 attendees with a fast-paced...

412 Public House Opens Thursday 11 am

412 Public House Opens Thursday 11 am The year-long process of bringing 412 Public House - Cullman's newest restaurant - to epigastric reality culminates at 11 am on Thursday, April 12, 2018. 412 Public House will be northern Alabama's first and only GastroPub located...

Cullman Hurricane Harvey Help Reciprocated Back For Hailstorm Damage

Cullman Hurricane Harvey Help Reciprocated Back For Hailstorm Damage The Cullman Elks have just received a check for $1,000 from the Houston Texas Elks Lodge #151. You may remember how the Cullman Elks mobilized two semi-trailers full of charity Hurricane Harvey...

Cullman Middle School Archery Wins State Championship MINER & JOWERS Dominate

image by Jamie Luker Troutman Cullman Middle School Archery Wins State Championship MINER & JOWERS Dominate Cullman Middle School added another State Archery title to their resume last Friday. Competing in the 2018 National Archery in the Schools Program (NASP)...
Topre America $21 Million Expansion Comes To Cullman

Timothy Collins

Originally from Asheville, NC, Timothy brings an insightful holistic perspective as well as a mountain man tenacity to his various roles at Cullman Today. You can reach him at cullmantoday@gmail.com and/or (256) 615-8260.

Pin It on Pinterest

Share With Friends

Share this post with your friends!