LOVELAND — The Loveland City Council tonight will discuss possible incentives for an expansion of Tharp Cabinet Co.
The Loveland Reporter-Herald reports that the City Council is considering a $250,000 incentive, to be paid in two $125,000 installments, to assist with Tharp’s move to a larger building at 380 W. 37th St.
While owning a building seems like something every successful business should do, that’s not always the case. For many companies, it makes more sense to continue leasing space, freeing up time and capital that can be better utilized in other ways.
Tharp designs and manufactures custom cabinetry and employs 135 people in Loveland, with plans to add about 17 people annually through the expansion.