From the Indianapolis Star:
When
Indiana Gov. Mike Pence visited Japan on a recent trade mission, he dropped the
tantalizing hint of hundreds of new jobs
coming soon to Lafayette.
coming soon to Lafayette.
Details
of those anticipated new jobs fell squarely into place Thursday when the
Lafayette Redevelopment Commission gave preliminary approval of a tax abatement
for Heartland
Automotive LLC.
Heartland
Automotive, a supplier of dashboards and other interior parts to Subaru of
Indiana Automotive, plans to double the size of its Lafayette plant
and add 224 jobs — more than double it’s current workforce — in the next two
years.
and add 224 jobs — more than double it’s current workforce — in the next two
years.
The
expansion is major ripple effect of SIA’s announcement in May that it will step
up production with a $400 million plant expansion and 900 new full-time jobs.
After
listening to a brief presentation from Heartland Automotive senior vice president
Ronan Mtoi, the redevelopment commission unanimously recommended approval of
two property tax abatements on new plant and equipment.
Ronan Mtoi, the redevelopment commission unanimously recommended approval of
two property tax abatements on new plant and equipment.
“We
are going to invest $19 million in our property and building, and also $19
million in equipment,” Mtoi said.
The
company produces instrument panels and other auto
body parts used in the interior of vehicles made at SIA, which include Subarus
and Toyotas.
body parts used in the interior of vehicles made at SIA, which include Subarus
and Toyotas.
Heartland
Automotive will add 224 jobs to the 91 full-time positions it currently has,
Mtoi said.
The
redevelopment commission approved a 10-year real estate
abatement on the $19 million plant expansion, and a seven-year tax abatement on
the $19 million in equipment that will be installed.
abatement on the $19 million plant expansion, and a seven-year tax abatement on
the $19 million in equipment that will be installed.
The
recommendations now go the Lafayette City Council, which has the authority
to grant tax abatements.
...
In February, the city granted Heartland
Automotive an abatement on $7.2 million in new injection molding machinery the
company installed in the plant the company built in Park 350 last year.
http://www.indystar.com/apps/pbcs.dll/article?AID=2013309260056
