It's a tough time for anyone to be starting a business - especially one with a $20 million investment, but Onkar Dhaliwal, owner of Aspen Air is optimistic.
Part of their business plan was always the expectation of having to wait two to five years to get the contracts needed to start earning a return on such a staggering investment.
In the meantime every dollar counts, which is one of the reasons why Yellowstone County offers a tax incentive for new and expanding businesses, and why Aspen Air
has made application for the benefit.
"It's the only incentive we have gotten," said Dhaliwal
, and it's one they have been counting on from the very beginning.
The Big Sky Economic Development Authority, (BSEDA) provided information about the incentive to Dhaliwal
, when he
came inquiring from Canada to find a home for his
business two years ago.
business is that of separating elements from air, condensing them and distributing the industrial gases to other businesses - gaseous and liquid nitrogen, oxygen and argon etc. which are used by refineries, hospitals, welders, oil fields, etc.