Friday, April 20, 2012

Ryobi Die Casting Withdraws $20.7 Million Abatement Request

From the Shelbyville News:

Ryobi Die Casting withdrew a $20.7 million tax abatement request presented to the city for several new items of equipment to "support additional production for a growing customer base," according to the abatement documentation.

Ryobi plans to reapply for the abatement with some adjustments, however.
"Ryobi is going to add another $5 million in equipment," DeBaun said.

http://www.shelbynews.com/articles/2012/04/19/news/doc4f8dbec2dcd9c333372648.txt