New Iowa Park Business Receives Tax Abatement

Iowa Park city council approved a tax abatement for S5! manufacturing. S5! is an aluminum extrusion company. It will move into the Walmart building the week after Thanksgiving and then start construction on a building in the Iowa Park Industrial Park after the first of the year.

Iowa Park Economic Development Director David Owen says in addition to the tax abatement the corporation will make $200,000 in improvements to the building. Owen says the Wichita Falls Economic Development Corporation is also considering pitching in $100,000 in cash for equipment.