Hundreds of new jobs may be on the verge of coming to Goshen.
Two companies are awaiting approval of seven-year tax phase-ins from Goshen City Council.
A hearing tonight before the council will determine whether the areas where the projects are slated meet guidelines required for tax phase-ins, such as development is slow and buildings are obsolete, Goshen Mayor Allan Kauffman said.
If approved, there will be a second hearing in a few weeks for final approval of both projects.
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Here are the details:
Lippert Components Manufacturing
is proposing to expand operations in Goshen at three facilities -- 2703 College Ave., 2475 Kercher Road and 1701 Century Drive.The company currently employees 1,872 people at the three locations and would be adding an additional 376 new jobs by 2016.
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The Goshen Department of Community Development is recommending a seven-year tax phase-in for personal property on the Lippert project, which the Economic Development Corp. of Elkhart County has projected will result in a personal property tax savings of nearly $485,000.
Lippert Components would still pay an estimated $295,620 in additional property taxes during the seven-year abatement period.
The cost
of new manufacturing equipment for the project is $10 million....
Ocala, Fla.-based, Falcon Corp., owned and operated by Dave Carter & Associates, plans to transfer 37 jobs from its Elkhart site at 1136 Verdant Drive to a new $3.9 million facility in Goshen on Century Drive.
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The Economic Development Corp. has projected the seven-year tax phase-in to result in a real property tax savings of $466,830 and a savings of $19,397 for personal property.
However, Dave Carter & Associates, would still pay an estimated $371,928 in additional property taxes over the seven-year period, according to information in tonight's agenda supplied by the Goshen Department of Community Development.
http://www.southbendtribune.com/business/sbt-400-more-jobs-to-goshen-20130409,0,6336317.story
