Friday, June 7, 2013

Tribune Reports Tax Credits Offered to Falk PLI for Expansion in Portage

From the Chesterton Tribune:


Falk PLI Engineering Surveying, Inc., an engineering and surveying firm, announced plans today to expand its headquarters here, creating up to 34 new jobs by 2016, with the help of tax credits and grants issued by the Indiana Economic Development Corporation (IEDC)

According to a statement released by the IEDC, the homegrown-Hoosier company will renovate and equip a 9,000 square-foot facility at AmeriPlex at the Port business park in Portage. The facility, which will be fully operational this fall, will allow the company to expand its market for engineering services to include the power generation industry.

...

The IEDC offered Falk PLI Engineering Surveying, Inc. up to $350,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The City of Portage approved additional tax abatement at the request of the Portage Economic Development Corporation.