Monday, July 29, 2013

Journal-Gazette Reports BRC Rubber & Plastics Seek Tax Break on Investment in Fort Wayne

From the Fort Wayne Journal-Gazette:

BRC Rubber & Plastics Inc. plans to invest $365,000 as it moves its headquarters and research-and-design technical center from Churubusco to Fort Wayne before the end of the year.

The company seeks a tax break on the project, which consists of $250,000 in real estate improvements on an existing 30,000-square-foot building, $75,000 in research-and-development equipment, and $40,000 in information technology equipment.

BRC designs, develops, tests, validates and manufactures rubber and plastic parts for customers, including Ford, Chrysler and Nissan.

The move to 1029 W. State Blvd. in Fort Wayne will bring 55 existing jobs with total payroll of more than $3 million.

State Street Tech LLC is listed as taxpayer on the property. It’s unclear what that group’s relationship is with BRC Rubber.

Fort Wayne economic development staff hopes to introduce tax abatement requests at the City Council’s Aug. 13 meeting. The company could save $45,897.