Monday, February 24, 2014

Central States Enterprises Apply to Tax Abatement for Investment in New Haven

From the Fort Wayne News Sentinel:

A $2.66 million investment at a New Haven grain terminal is expected to create two seasonal jobs. Central States Enterprises, 356 Hartzell Road, has filed an application for a “phase in” that would reduce its taxes on the new equipment by $129,000 over seven years.
The equipment, to be installed by October, would increase the facility’s grain-receiving capacity. The company was founded in 1974 and currently employs about 25 people.
The New Haven City Council is expected to consider the application Tuesday.

But see the Fort Wayne Journal-Gazette:
Central States Enterprises wants to invest more than $12 million at its grain storage operation in New Haven, according to paperwork filed with the city.

The business will seek a seven-year tax abatement that will save $129,000. Central States wants to add a grain receiving system that includes a dump pit, conveyers and dust system. Officials said the machinery will increase uploading capacity.

Last summer, Central States sought to spend $7.9 million to add two concrete grain silos and related equipment at its 356 Hartzell Road operations.