A local industry will receive a tax abatement for its expansion.

Portland City Council on Monday approved tax abatements for Fort Recovery Industries to add on to its facility and purchase new equipment.

Fort Recovery Industries is planning a 27,000-square-foot expansion to its building at 710 E. 100 North. The project is expected to cost $1.45 million.

The company is also planning to invest just over $3 million for a zinc die-casting station and other related equipment.

The expansion and new equipment are expected to create five new jobs for the company, which currently employees 55.

The abatements — five years for the expansion and three years for the equipment — are projected to save Fort Recovery Industries $118,706 and $77,653.40, respectively.

The company moved into its current location in 2011 and has since invested more than $20 million.