Environmental control maker Jackson Systems LLC plans to
expand its Beech Grove operations, almost doubling its work force and the size
of its headquarters by 2014.
The company plans to hire 32 workers at an average wage of $21 per hour and retain 33 employees making an average of $26 per hour, according to an application for tax abatement released Tuesday by the Indianapolis Department of Metropolitan Development.
Jackson said it expects to spend $735,000 on a 20,000-square-foot addition and renovations to its existing 21,700-square-foot building at 5418 Elmwood Ave., near Interstate 465.
The company also said it will spend an additional $385,000 on manufacturing, research, logistics and IT equipment to support the expansion.
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DMD staff recommends approval of a five-year tax abatement for the company. The DMD estimates Jackson will save almost $75,000 in property taxes during the abatement period while paying $50,000 in additional taxes.
After the abatement expires, Jackson will pay an estimated $25,000 annually in property taxes in addition to the $16,500 it is paying on existing properties, the DMD said.
The Metropolitan Development Commission is expected to hear the abatement request Wednesday afternoon.
The company plans to hire 32 workers at an average wage of $21 per hour and retain 33 employees making an average of $26 per hour, according to an application for tax abatement released Tuesday by the Indianapolis Department of Metropolitan Development.
Jackson said it expects to spend $735,000 on a 20,000-square-foot addition and renovations to its existing 21,700-square-foot building at 5418 Elmwood Ave., near Interstate 465.
The company also said it will spend an additional $385,000 on manufacturing, research, logistics and IT equipment to support the expansion.
…
DMD staff recommends approval of a five-year tax abatement for the company. The DMD estimates Jackson will save almost $75,000 in property taxes during the abatement period while paying $50,000 in additional taxes.
After the abatement expires, Jackson will pay an estimated $25,000 annually in property taxes in addition to the $16,500 it is paying on existing properties, the DMD said.
The Metropolitan Development Commission is expected to hear the abatement request Wednesday afternoon.
