Indiana’s Elkhart County Council Saturday (Dec. 8) granted a tax phase-in agreement for one company and initial approval of three other phase-ins with the potential to bring as many as 400 new jobs to the area.
As reported by the Goshen News, the first to be approved Saturday was a final, confirmatory resolution supporting a seven-year tax phase-in for Fortress Technologies LLC, an RV parts manufacturer, which plans to convert the old Pilgrim International plant along U.S. 20 in Middlebury into a RV frame manufacturing plant.
Through the new project, the company has indicated plans to invest over $6.5 million in new machinery and equipment at the plant. The project would also reportedly involve the hire of approximately 266 new employees over the course of the next four years for an annual payroll of nearly $10.5 million.
In order to qualify for the tax phase-in agreement, Fortress Technologies has agreed that it will stay in operation at its Middlebury location for no less than 11 years. Should the company fail to meet its obligations under the phase-in agreement, Fortress Technologies would be forced to repay the county a prorated portion of the total real estate and personal property taxes saved as a result of the tax phase-in agreement.
Other companies granted tax phase-ins include Indiana Galvanizing LLC in Middlebury, Smart Cabinet LLC in New Paris and Alliance Aluminum Products Inc. in Bristol.
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