One of Jackson County’s largest industrial employers will gain another 51 workers this year as it responds to continued growth in the automotive market.
The Seymour City Council approved a $24 million tax abatement for Valeo Sylvania during a meeting Monday.
The automotive lighting company, located in the Freeman Field Industrial Park, is buying new manufacturing equipment to “support capacity increase and business growth,” according to statement of benefit documents filed with the city this month.
Since 1978, Sylvania has produced exterior lighting and signaling systems for automotive manufacturers including Ford, GMC and Mitsubishi and equips one out of four vehicles worldwide.
The abatement will allow the company to phase in paying taxes on the equipment during the next 10 years.
