OPELIKA, AL (WTVM) - The Opelika City Council approved a resolution benefiting the community and its economy.
The automotive manufacturer Daewon America, located in the Northeast Industrial Park facility, is planning a $6.5 million dollar expansion.
City Council members approved tax abatements for the company at Tuesday's meeting in order for Daewon to move forward with their plans.
"There is not as much glamour with an expansion, but most new jobs come from expansion of existing industry," explained Opelika Mayor, Gary Fuller.
Daewon's expansion will result in at least six new jobs.
The automotive company manufactures coil spring and stabilizer bars and new machinery and equipment will be purchased as part of the expansion.
When construction is completed, Daewon will have a capital investment of $87.5 million in the City of Opelika with over 200 employees.
"We love our partners here and we're going to five our partners here as much TLC as we possibly can to encourage them to expand and be successful," says Fuller.
Construction is set to be completed in July of 2015.