MANHATTAN (KSNT) - The Manhattan City Commission unanimously motioned to move forward on a lease agreement with a major Topeka manufacturer. The Manhattan City Commission was told the Flint Hills Venture Group (FHVG) has a potential tenant for their property at 1105 Kretschmer Drive: metal fabri cation company PTMW Inc. The employer would seek job creation and investment grant incentives. The expansion would see $14 million invested by the company with $3.4 million invested into the building and $11 million invested into machinery, according to a presentation by the FHVG. The City would offer a $250,000 investment grant contingent on the $11 million investment. Memorial event planned for Cole Brings Plenty in Lawrence Another incentive discussed was a jobs grant based on annual wages ranging from $4,000 to $12,000 or roughly 10% of an employee's wage. Under the proposed grant, if all jobs created in year one are sustained for 10 years the company would realize $760,000 with a $76,000 yearly cap. The commission voted unanimously to move the economic development agreement consideration to the next regular meeting on April 15. You can watch the April 1 commission meeting again by clicking here. For more local news, click here. Keep up with the latest breaking news in northeast Kansas by downloading our mobile app and by signing up for our news email alerts. Sign up for our Storm Track Weather app by clicking here. ...read more read less