From the Greencastle Banner Graphic:
In what has become almost a monthly occurrence recently, another local industry went before the Greencastle City Council with good news and a tax-abatement request Tuesday night.
This time it was International Automotive Components (IAC) Greencastle, which will be adding 53 jobs and $5.3 million in new equipment yet this year at its 750 S. Fillmore Rd. facility.
The City Council, acting on a motion by its president, Adam Cohen, unanimously approved tax abatement for the IAC project on a 10-year sliding scale (starting with 100 percent abatement the first year and finishing at 10 percent in the 10th year).
"Not many places get to do one of these every month," Mayor Sue Murray said following the vote and eliciting amens from Council members.
Just last month the City Council went through a similar scenario with Chiyoda USA Corp. on $7.7 million in new injection--molding equipment for its 2200 E. State Road 240 plant.
And earlier in the year, the city granted tax abatement on another expansion at Heartland Automotive.
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http://www.bannergraphic.com/story/1985009.html
