Mo. scrap dealer says tax break subsidizes rival
Dec 03, 2009 | 09:04 AM
| Lisa Gordon
A Missouri scrap dealer claims that so-called local government subsidies to a competitor could drive him out of business.
"It takes several counties to support our business. We have been here over 60 years and are being threatened by local government subsidies," said David Fusselman, president of Fusselman Salvage Co.
The Moberly-based scrap dealer is upset that Festus-headquartered Shapiro Brothers Inc. has received assistance in a relocation and expansion project from the Moberly Area Economic Development Corp. (MAEDC).
The Shapiro relocation to 100 Sparks Ave. will result in 10 new jobs over a three-year period, as well as upgrades to the infrastructure, MAEDC president Corey Mehaffy said in a statement. Infrastructure improvements include the development of a rail spur on the property.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.