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Phillips Saw & Tool CF-1 gets OK

Complex: Jordan Chynoweth, vice president of Phillips Saw & Tool, points out the complexity of a blade-making machine. Chynoweth appeared before the Clinton County Council Wednesday with Attorney Jay Moore to request the company’s abatements be continued based on their CF-1 paperwork showing their compliance.

BY SHARON BARDONNER - sbardonner@ftimes.com

At their Wednesday meeting, the Clinton County Council heard from Attorney Jay Moore representing Phillips Saw & Tool Company in the company’s filing of its CF-1 paperwork.

Jeff Chynoweth, a county council member, is president of Phillips Saw & Tool Company, which was founded by his father-in-law. 

Chynoweth did not speak while the subject was before the council and abstained from the votes taken to approve the CF-1s.

Any company receiving a tax abatement must file a CF-1 annually to demonstrate its compliance with the terms of the agreement. Phillips Saw & Tool received two five-year abatements in April 2015 that run through April 2020, said Moore. 

One of the tax discounts was for equipment and the other was for real estate for an expansion in which Phillips Saw & Tool planned to make a minimum investment of $960,000, Moore detailed. The abatements were also to stimulate growth resulting in about seven new jobs.

According to Moore, due to setbacks with new-business development, Phillips has not captured the number of new customers it had hoped to, but they have retained their workforce, made a substantial investment in equipment and property and has increased its payroll.

During the presentation by Moore, Council President Alan Dunn praised the company for its global sales and its substantial increase in wages. 

“There is something special about a company that is local,” said Moore. 

Chynoweth’s son, Jordan Chynoweth, is vice-president of the enterprise.

One of those special attributes is that Phillips Saw & Tool has hired employees on work-release programs, Jordan Chynoweth told the council. He spoke about his father’s hiring an employee who was a transplant from the industrial park. At Phillips, he was manager of the band saw and welding department.

“He has a great work ethic,” said Jordan Chynoweth of the employee. “At Phillips Saw & Tool you’re either going to climb the rope or you’re going to fall.”

The company has also looked to The Crossing and Community Corrections to find laborers, he noted.

While Phillips Saw & Tool is still seeking someone to develop new business, sales have been strong.

“We’re on pace this year to crush last year, and last year was our best year ever,” he said. 

The council voted 6-0 to approve the abatement CF-1s, with Chynoweth abstaining.