Watch: Christopher Luxon and Nicola Willis speak in Rangiora
factory in Kaiapoi
went up in flames after a fire which was started accidentally in January 2022.
Last year,
Star News
reported that the construction of Sutton Tools' new $20 million factory in Rangiora was scheduled to open early in 2025.
The visit comes following the government's Budget announcement of a
tax incentive targeting businesses
.
The
Investment Boost policy
would allow a business to immediately deduct 20 percent of the cost of a new asset on top of depreciation.
The policy came into force immediately, and applies to assets purchased in New Zealand as well as new and used assets imported from overseas.
"It includes commercial buildings but excludes land, residential buildings, and assets already in use in New Zealand."
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