Tyco Fire Suppression and Building Products will move to new quarters on Pennbrook Parkway off Church Road in Lansdale as a result of a deal local officials made, with county help, to keep the company from relocating to New Jersey. Borough Council President Matt West says it’s a good deal.
“They will be moving from their current location on North Cannon over to the facility right next to Homewood Suites, so they are staying within the borough, investing a lot of money.”
Tyco is spending more than $1 million to fit out the building in a way that meets its needs. In return the company gets a five percent discount on electricity it buys from the borough and other discounts on various fees. The Economic Development Incentive Ordinance that enables the discounts still needs formal council approval. They will also be offered to other businesses that build, expand or renovate within the borough.