B&B Micro Manufacturing Receive State Tax Credit
ADAMS, Mass. — B&B Micro Manufacturing has received state Economic Development Incentive Awards investment tax credits totaling $200,000.
B&B was one of 12 companies in the state to receive the award and partner Jason Koperniak said he was excited to take advantage of an initiative that will help continue to stabilize the young business.
"It is good news ... it is giving us a better chance to continue on a path of stability and success," he said on Wednesday. "We are making investments in the building and in our employees and these things help in that process."
B&B, which builds high-quality tiny houses and related products, has been in business since 2016. The company was based in North Adams in the Windsor Mill but recently purchased the former Brown Packaging building in Adams in order to expand.
According to a press release from the Baker-Polito administration and the commonwealth's Economic Assistance Coordinating Council on Wednesday, B&B Micro Manufacturing has made a $978,500 private investment and is creating 16 new full-time jobs whilst retaining 20 existing jobs.
The creation of these 16 new positions is part of a seven-year special tax assessment agreement B&B Micro Manufacturing made with the town of Adams that carries approximately a $99,792 value.
"We have already hired four people this week and we just put up another job posting to bring on another four to five people in various skills," Koperniak said. "We are growing, we have a lot of work in the next 12 months and we want to be able to retain that and keep steady stable jobs in Adams."
The Board of Selectmen agreed to the property tax financing incentive in April. The tax agreement still needs to be approved by town meeting on Monday.
Koperniak said they are still in the process of moving into their new 24,000 square foot location in Adams and hope to be fully operational soon.
"It is going to be a gradual process. We have brought a lot of stuff over but we still have our space in North Adams," he said. "We are kind of in two places at once but we will be up in running in Adams in the near future."
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