From the Indianapolis Star:
Sun King Brewing Co. is preparing for another round of growth and is seeking city incentives to help offset the investment.
The downtown Indianapolis brewery on North College Avenue is prepared to spend $2.1 million on additional brewing, logistics and information-technology equipment, which will allow it to add 20 employees by 2016 if it receives a tax abatement from the city.
The new jobs would pay an average of $17.10 an hour, slightly more than the $16.91 average wage paid to the 35 existing employees who would be retained through the abatement, according to city documents.
The city’s Metropolitan Development Commission is set to consider the request at its Wednesday afternoon meeting. MDC staff has recommended that Sun King receive a four-year abatement.
Sun King’s investment initially should increase the assessed value of its property by $840,000, the city said. The brewery is expected to save $97,020 in personal property taxes during the abatement period and pay $10,080. The brewery would pay an estimated $19,769 in personal property taxes annually after the abatement expires.
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http://www.ibj.com/sun-king-brewery-seeks-tax-break-for-expansion/PARAMS/article/39024
