Odenville City Council approves incentives for new auto dealership

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Odenville may be getting a new dealership as the city council recently approved incentives for a facility.

According to Birmingham Business Journal, the St. Clair County Commission is also considering incentives as part of an agreement with Odenville, NM Properties and Kiwanis Holdings.

A public notice said that property in the city for a facility to be constructed would be owned by NM Properties and would be leased by Kiwanis Holdings.

A seven-year tax incentive was approved by the city council. 75 percent would be discounted for the net taxable sales in the first five years and then would be reduced 50 percent in the last two.

40 jobs are expected to be created, as well as an estimated $8 million a year in taxable sales.

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