Tuesday, June 19, 2012

KIK Custom Products Seeks Tax Abatement for Expansion in Elkhart

From the Elkhart Truth:

An Elkhart company is expanding and plans to hire up to 68 new workers over the next several years.

KIK Custom Products is establishing three new production lines at its Superior Street facility and has already hired the first 20 workers, said Richard Daviduke, supply chain director for KIK.

KIK representatives presented their plans Monday to Elkhart City Council as part of a request for tax abatement.

The company’s improvements include $5.2 million in personal property and $2.2 million in real property.

The average hourly wage for the new workers is expected to be $14.62, Daviduke said.

KIK is seeking five-year tax abatement on personal property and a three-year deal for real property improvements.

Monday’s meeting was the first step in the abatement request. Council approved the establishment of an economic revitalization district for the abatement request by a 9-0 vote.
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http://www.etruth.com/article/20120618/NEWS01/706189934/0/FRONTPAGE