Tuesday, October 15, 2013

Tribune Reports Patriot Porcelain Offered Incentives for Investment in Kokomo

From the Kokomo Tribune:

The former Kokomo Sanitary Pottery facility, which was closed in 2007, is receiving new life through the formation of Patriot Porcelain.

The new company will be creating 140 jobs over the next two years and will manufacture high-quality sanitary products, including toilets and sinks.City and county officials will make an announcement of the new company locating in Kokomo today.

Jeff Van Weelden and Dow Dellinger have been working for the past four years to open the facility and will be making a $16 million investment in the facility located on South Union Street.Van Weelden said the company has secured contracts with Gerber Plumbing Fixtures and Niagara Conservation to provide products. 

The Kokomo-produced toilets and sinks will be for sale in several major retail outlets.

Patriot purchased the building last August and will be using much of the equipment in the facility with $11 million in new investments.Production is expected to start next June.Annual payroll is estimated at $4 million with an impact on the local economy of $300 million over the next decade, Van Weelden said.

The city of Kokomo is providing $200,000 in incentives, or $2,000 for the hiring of each Howard County resident. The Indiana Department of Workforce Development is providing payroll tax credits.The company will apply for five-year tax abatement on the new equipment that will be installed.
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http://kokomotribune.com/local/x1909740759/Toilet-factory-opening-in-Kokomo