Wednesday, July 23, 2014

Times Reports LP Film Company Gets Tax Credits for Expansion in LaPorte

From the Northwest Indiana Times:

A maker of high quality films used in advertising and products like wall decals is expanding in LaPorte.
American Renolit Corp. has been awarded tax credits on a $1.5 million expansion of its facility at 1207 E. Lincolnway.
The enterprize zone investment deduction credits are good for a 10-year period on the upcoming construction of 8,677 square feet of additional office space.
Mayor Blair Milo said the company had the option to apply for tax abatement instead, but decided to pursue the tax credits feeling it could reap more of a financial gain.
"It's a great investment in the community and I'm certainly happy to celebrate with them," Milo said.