Lewis Engineering in Grand Junction has received a business personal property tax exemption from Mesa County for an expansion that includes the addition of more than $2 million in equipment.
Companies that have expanded operations by adding equipment with a value of at least $1 million and also increase staffing are eligible for the exemption.
Lewis Engineering offers manufacturing and design engineering services in addition to rapid prototyping and precision machining. The firm specializes in aerospace products, industrial pumps and turbine engine components. Staffing at the company has grown to more than 80.
“We are pleased to be recognized and rewarded for growing in Mesa County,” said Matt Collins, chief operating officer. “We’ve estimated that with the multiplier effect, we have a positive impact of $35 million annually on the local economy.”
Diane Schwenke, president and chief executive officer of the Grand Junction Area Chamber of Commerce, said Lewis Engineering joins Reynolds Polymer and Edgewater Brewery as the only companies to receive the exemption since 2012. “We’d love to be able to process more applications for this program that has been made available to us by the Mesa County commissioners.”
For more information about the exemption program, call the chamber at 242-3264.