Tuesday, September 18, 2012

Copper Moon World Coffee Seeks Abatement for Investment in Lafayette

From the Lafayette Journal and Courier:

Copper Moon World Coffee is poised to begin roasting coffee on Lafayette’s east side by the first of the year, if tax abatements are approved by county commissioners and council members next month.

“We’re a wholesale coffee roaster,” said Cary Gutwein, president of Copper Moon World Coffee. “By and large ... we roast and pack in our brand, and we sell regionally and nationally.”

Copper Moon World Coffee plans to buy a 35,059-square-foot manufacturing facility at 1759 S. Veterans Memorial Parkway East. The site is the former Brenneco service facility, east of the Journal & Courier’s printing facility and southeast of IU Health Arnett Hospital, said Jody Hamilton, economic developer for Greater Lafayette Commerce.

The Indianapolis-based coffee roaster is about halfway through the process to secure tax abatements on its real estate and its equipment, which Gutwein said is needed before closing on the property and formally announcing intentions for the Lafayette operations.
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The Tippecanoe County Council approved the acres around the former Brenneco facility an economic revitalization area at its meeting last week. This move also OK’d the first hearing of the tax abatements, council President Roland Winger said. The final reading on the abatements will come at the council’s Oct. 9 meeting. The commissioners also must give their approval at their Oct. 1 meeting.
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See the full article here:

http://www.jconline.com/apps/pbcs.dll/article?AID=2012309180018