Wednesday, July 23, 2014

Tribune-Star Reports Two Companies Receive Abatements in Vigo County

From the Terre Haute Tribune Star:

Two companies received final approval from the Vigo County Council Monday for 10-year real and personal property tax abatements.

Verdeco Recycling Midwest Inc. will occupy a manufacturing-specific speculative building owned by Garmong Development at the Vigo County Industrial Park, 10535 James Adams St. The California-based company plans to install $5,701,329 in manufacturing equipment and $96,400 in information technology equipment.

Verdeco Recycling intends to start with 12 employees and have at least 24 workers by 2015 with an annual payroll of $986,000, plus benefits.

Casey’s General Stores Inc. plans to construct a 285,000-square-foot distribution center on 67.5 acres of land at the industrial park. The company, which will invest $22 million, is to employ 185 workers by the end of 2015 with a payroll of about $5,675,900 annually.