- RV Business - http://www.rvbusiness.com -
Tax Abatement Boosts Cruiser RV Expansion
Posted By RV Business On April 12, 2010 @ 3:51 pm In Breaking News | No Comments
The LaGrange County Council today (April 12) through a unanimous vote granted tax abatements for a building expansion at Cruiser RV LLC of Howe, Ind., according to a news release.
The tax abatement was requested by Howe Group LLC representing Cruiser RV LLC and the LaGrange County Economic Development Corp. The abatement is for a period of 10 years and is for a 10,200-square-foot building addition, valued at $220,000. In addition to the real estate improvements, the company has purchased new equipment that the expansion will house, which will allow Cruiser RV LLC to increase production efficiency and create an additional 15 jobs, paying on average $42,000 a year. In addition to the new jobs created, an additional 86 jobs will be retained, bringing their total employment to at least 101 employees.
“We are very excited to receive approval from the LaGrange County Council for our abatement requests on the expansion of our operations,” said Jeff Fought, vice president of Cruiser RV LLC. “We are eager to get this project underway and strengthen our continued partnership with LaGrange County.”
“Cruiser RV LLC has been a great partner in the Howe community and we’re excited that they have continued to grow within LaGrange County” said Keith Gillenwater, executive director of the LaGrange County Economic Development Corp. “We look forward to continuing to work with Cruiser RV LLC as they grow.”
The LaGrange County Economic Development Corp., established in 2009, is a 501(c) (3) corporation designed to assist business development needs. The LCEDC partners with local, regional, state, and federal agencies to attract, retain, and develop new businesses and entrepreneurs in LaGrange County and its communities. For more information about the LaGrange County EDC, visit www.lagrangecountyedc.com or call at (260) 499-4994
Cruiser RV LLC produces lightweight towable recreational vehicles. For more information on Cruiser RV LLC, visit www.cruiserrv.com or at (260) 562-3500.
Article printed from RV Business: http://www.rvbusiness.com
URL to article: http://www.rvbusiness.com/2010/04/tax-abatement-nurtures-cruiser-rv-expansion/
Copyright © 2009 RV Business. All rights reserved.