Thursday, October 31, 2013

News and Tribune Reports Jeffersonville Redevelopment Commission Approves Abatement for Rivera Consulting

From the Clark County News and Tribune:

he first step was cleared Wednesday for a tax abatement that could bring about 120 jobs with average salaries of $100,000 to Jeffersonville.

Rivera Consulting Group’s application for a tax abatement to build a 32,000-square-foot headquarters in the North Port Business Centre, near Port and Middle roads, was approved by the Jeffersonville Redevelopment Commission.

“We want to build a corporate facility here, so we can bring our folks home,” said Joey Rivera, CEO and president of Rivera Consulting Group. The company has a facility in Sellersburg.

Rivera said the company, which develops software and cyber security systems for the federal government, currently employees about 100 people in 10 states. The construction of a headquarters in Jeffersonville would give the company a central location. The total project cost is estimated at about $6 million, with an expected investment in personal property of about $1 million, of which $750,000 is slated for computer equipment and development efforts. The company expects to employ 120 people  with a total payroll of more than $10.6 million.

Redevelopment Commission Attorney Les Merkley said the abatement would still need to go before the City Council for approval. It is expected to be on the council’s agenda on Monday.

The abatement application was approved 3-1 with Redevelopment Commissioner Jack Vissing voting against and Commissioner Kevin LaGrange absent from the meeting.

http://newsandtribune.com/business/x862196411/Project-could-bring-120-jobs-to-Jeffersonville