From the Northwest Indiana Times:
"The City Council on Tuesday approved tax abatements to pave the way for the location of Ratner Steel Supply at the Port of Indiana.
The Roseville, Minn.-based company is looking to expand its operations and bring a minimum of 20 jobs to its new Portage facility by February 2013. At a maximum, the plant could eventually employ 40 people. The company has 70 employees at its Minnesota facility.
Steve Gottlieb, general manager and vice president, said construction on the 100,000-square-foot facility will begin next month with completion by late November. Operations will begin in February.
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The company asked for 10-year abatements on both real estate and personal property. It was granted 10 years on the real estate, but only five on personal property.
Council members Liz Modesto and Mark Oprisko both told Ratner representatives the city traditionally only grants five-year abatements for personal property. The council approved the abatements 7-0."
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Read more: http://www.nwitimes.com/news/local/porter/portage/ratner-steel-coming-to-port-of-indiana/article_b40e6a2d-6493-58ea-9da1-b90307756f7e.html#ixzz1oZaS6NYy
