A property tax incentive approved today by City Council will support the continued operation of a moving and storage firm in the Northwest Industrial Corridor.

The renewal of a Class 6(b) property tax incentive for Midway Moving and Storage at 4100 W. Ferdinand St. will help the company retain 50 jobs by lowering property taxes on its facility for the next 12 years. The estimated $929,000 in tax savings through the renewal period will support the addition of 21 new jobs. The company will also invest $1.3 million in upgrades to its facility, including new loading docks, energy-efficient lighting, roof and fencing.

Founded in 1987, Midway employs over 330 workers and operates a fleet of more than 200 trucks.

The original Class 6(b), issued in 2004, supported the construction of the 60,400-square foot building for the company’s headquarters.

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