A local automotive fastener company is looking to expand after the Columbus City Council gave approval for 10-year tax abatements.
OSR, Inc. currently has a facility at 7715 S. International Drive in the Walesboro industrial park. Company officials say they have plans to construct a new 82,000 square-foot facility near the existing campus. The new facility would see an investment of over $6.5 million. The expansion is slated to retain 29 jobs and add 12 more with an expected average wage of $20.17 per hour by the beginning of next year. The building site, expected to be in the 6800 block of S. International Drive, is in an Economic Revitalization Area.
Council approved the ten-year abatements unanimously. That move is expected to save OSR more than $600,000 in local taxes over the next decade.