Friday, July 12, 2013

IBJ Reports Marion County Considers Incentives for Automotive Suppliers' Expansion

From the Indianapolis Business Journal:

Two small automotive suppliers expect to create or expand operations in Marion County and together are looking to add 93 employees over the next five years.

Reflex & Allen USA Inc. plans to add $1.6 million in new equipment to fulfill a contract for Volvo and hire 48 more people through 2018, according to its request to the county for a property-tax abatement.

Innovative Coating Solutions Inc., a new Japanese joint venture, plans to start operations on Georgetown Road with $1.9 million in new equipment and would hire 45 over the next five years. It also is seeking a tax break.

Indianapolis Department of Metropolitan Development staff has recommend approval of the personal property-tax abatements for each firm. The proposed resolutions will be introduced to the Metropolitan Development Commission of Marion County on July 17.

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See the full article here: