Saturday, March 8, 2014

News-Sentinel Reports L.H. Carbide Seeks Incentives for Investment in Fort Wayne

From the Fort Wayne News-Sentinel:

A $4.8 million expansion is expected to create 18 well-paying jobs at a Fort Wayne manufacturer of laminated and stamped products.

L.H. Carbide Corp., 4420 Clubview Drive, has asked City Council to approve a “phase in” that would reduce its taxes on new equipment and improvements, including a 25,000-square-foot facility, by more than $746,000 over 10 years. The company currently has 79 employees, and the new positions will pay an average of $66,528, according to the application to be considered by Council on Tuesday.
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http://www.news-sentinel.com/apps/pbcs.dll/article?AID=/20140308/NEWS/140309691/0/SEARCH