Tax Incentives For Dental Supply Company Approved By Council

HOOVER, AL - A Hoover-based medical supply company has been given some incentive to stay put and expand, as the Hoover City Council approved nearly $60,000 in tax incentives for BioHorizons Monday. The company is planning a $2 million expansion that would create 60 additional jobs.

A report by the Hoover Sun said BioHorizons, headquartered in Hoover’s Riverchase Corporate Park, employs 185 people in Hoover. The 60 additional jobs being created come with a $50,000 average salary.

The council agreed to abate sales and use taxes associated with construction of the new space and non-educational personal property taxes for new machinery and equipment that will be added in the expansion. Those taxes otherwise would have been paid to Hoover, Shelby County and the state of Alabama. (For more updates on this story and free news alerts for your neighborhood, sign up for your local Patch morning newsletter.)

The Hoover school system should receive about $60,000 more in real property taxes and almost $25,000 more in personal property taxes than it would if the expansion did not occur, according to the council. BioHorizons plans to add about 12,000 square feet of space to the 60,000 square feet it currently has in Riverchase.

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