METROWEST DAILY NEWS – The City Council on Monday will consider a tax deal for SanDisk, which plans to open a research facility on Donald Lynch Boulevard.
The California-based flash storage company plans to open the facility at 200 Donald Lynch Blvd., bringing 60 new jobs to the city. The company will be investing $14.5 million in the 60,000 square-foot facility, according to a letter from Mayor Arthur Vigeant to the City Council.
Vigeant will ask the City Council on Monday to consider giving SanDisk a break on a portion of it property taxes for its first five years in the city through a Tax Increment Financing package.
The deal would give SanDisk a break on the property taxes it would have otherwise paid on the value it adds to the facility. The first year of the deal would give SanDisk a 100 percent tax break on the added value. The second year, the break drops to 50 percent, then 30 percent in the third year, 20 percent in the fourth year and 10 percent in the fifth year.
SanDisk will also be closing its Westford facility and will move 80 jobs to the new Marlborough office.
In his letter to the council, Vigeant said the tax deal will further boost economic development in the city.
“As our local, state and national economies improve, this partnership will further enhance our ability to stabilize our residential tax base and ensure that our residents have access to high quality, local employment opportunities,” he wrote.
Marlborough Economic Development Corporation Executive Director Tim Cummings said SanDisk will be occupying about half the Donald Lynch Boulevard building. The part SanDisk will move into has been vacant since the building was built about a decade ago, he said.
This story originally appeared here.