ELKMONT-EFI Automotive Inc., (Electricfil Corporation), has announced a new project. The North American Corporate office will be constructed beginning in the summer of 2014. This project is scheduled to cost $2,668,000 and will allow for expansion of their employee base by 125 or more jobs.
EFI began in Elkmont, Ala., in 2004 with a commitment to grow to 84 jobs. They expanded in 2012 with another commitment of 120 jobs. The new project will elevate Electricfil to one of the county’s Top 5 manufacturing employers.
The Elkmont Town Council approved tax abatements Monday night, May 19, consisting of a property tax abatement totaling $130,100 over 10 years and a onetime sales tax abatement totaling $137,580 during the construction period. Taxes going to education will be $62,641 in regard to property taxes over the 10 year period and $45,860 in regard to sales taxes.
Tracy Compton
Mayor Tracy Compton said, “EFI has been a good corporate citizen. Our new water line and tank project to serve the Elkmont Industrial Park-North has been a great partnership between industry, the Limestone County Commission, Town of Elkmont, LCEDA and the State of Alabama.”
Chairman Stanley Menefee stated that EFI has been positive for Limestone County by creating good paying jobs and a having a good work environment.
“Expansions of existing industries are as important as announcing new industries,” Menefee said. “It means the industries are happy with their choice to locate in Limestone County, and they want to continue to operate here.”
MEDIA RELEASE/Limestone County Economic Development Association
