An Albion manufacturer plans to invest $5 million in new equipment as it creates 21 new jobs, according to a tax abatement request filed with Noble County.
Busche Enterprise Division Inc., 1563 E. Indiana 8, is buying CNC – or computer-numerical controlled – equipment. The company machines and assembles complex castings and forgings for the durable goods and automotive industries.
The new jobs will pay $31,200, on average, for a total of $655,200, according to the filing.
The Noble County Council approved a 10-year tax break for the employer during its meeting Monday evening. The projected savings was not available.