From the Fort Wayne Journal-Gazette:
During the next five years, First Gear Inc. will invest $1.5 million and add eight jobs at its 7606 Freedom Way location in Fort Wayne, paperwork filed with the city shows.
The machining business will seek a 10-year abatement on equipment that includes cutting gears for various customers. The tax break would save the company $98,155.
First Gear is attempting to recover from the economic slowdown and the additional equipment would allow it to take on new customers, officials said.
The abatement request will be presented to the Fort Wayne City Council May 8.
http://www.journalgazette.net/article/20120430/BIZ/120439951/1031/SEARCH
