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John Godman, President of Advanced Turbine Services, recently acquired 137 South Colony Street and has great plans to expand his turbine business.
The company benefited from the City’s Enterprise Zone tax abatement program.
The property at 137 South Colony Street has an illustrious past that includes mobsters and the production of ales, lagers, and porters with an annual capacity of 100,000 barrels. John Godman’s plans are a bit more conventional but his decision to completely renovate the Circa 1887 building for his manufacturing business is great news for downtown Meriden.
Advanced Turbine Services, LLC, is currently located in a 5,000 square foot state-of-the-art facility at 34 High Street in Meriden. The company provides turbine engine repair and overhaul services to both the United States Navy and a variety of commercial clients. According to Godman’s website at
www.aux-pwr.com
the company’s goal is to become the leading provider of repairs and service to businesses with marine and industrial turbine powered equipment.
In order to achieve that goal, Godman needs to expand. The 137 South Colony Street site is an underperforming piece of property that is located in Meriden’s Enterprise Zone. Because Godman will be increasing his square footage to 10,000 and creating approximately 15 new jobs over the next two years, he’ll be eligible for a five-year, 80% abatement on new real and personal property. “John’s plans include interior and exterior improvements, roof repair, trash removal and landscaping,” says Trudy Magnolia, Economic Development Assistant. “It’s always exciting to be able to help a small Meriden company go from leasing space to owning their own facility.”
Economic Development Director Peggy Brennan points out, “Advanced Turbines move to So. Colony Street is a great example of the office working to retain a growing Meriden business. Enterprise Zone incentives are a great tool to keep businesses in the city.” The incentives can also be used by eligible manufacturers and warehousing/ distribution companies moving into Meriden. For more info email Peggy
.
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