The development authority approved an inducement resolution worth $22.5 million for Bennett International.
The resolution is the first step toward issuing industrial revenue bonds to finance the project. The company would have to complete another request to the development authority before it could issue any bonds, Executive Director Walter Sprouse said. That could come before the end of the year, he added.
The 437,000-square foot building was previously operated by Crl Warehouse and Logistics Co.
The bonds would likely be issued in two parts. The first series would be worth $11 million for the facility and $3 million for equipment.
The remaining money would be used if Bennett International purchases another building in the area, which Sprouse said is a possibility.