New Indiana RV Company Gets Big Tax Break

July 7, 2010 by · Comments Off on New Indiana RV Company Gets Big Tax Break 

The Goshen (Ind.) City Council approved the first tax abatement for a new start-up RV company, Creative Manufactuyring LLC.

The property is located in the recently designated “economic revitalization area,” meant to help fill long-vacant industrial buildings in the city, according to The Goshen News.

The property in question, owned by Carl Van Gilst, was formerly home to a Dutchmen Manufacturing Inc. facility. In attendance at the meeting along with Van Gilst was the prospective owner, Ray Belcher, who plans to manufacture small towable RVs from 13 to 23 feet in length.

Van Gilst said he will waive the first year’s rent for Belcher, a savings of $60,000, and pushed for approval of the abatement, giving Belcher an additional savings of $18,000 in the first year for a total of $78,000 Belcher could put back into the community. He also said Belcher’s initial investment would be approximately $500,000.

Belcher said the business would increase from five to 25 employees with an eventual goal of 32, with an average full-time employee salary of $52,000. He projected the business’ first year gross income would reach $15 million.

Robinson asked Belcher if he would be willing to use the federal E-Verify system to check the accuracy of applicants’ Social Security numbers to ensure any illegal immigrants or others attempting identity deception would be denied jobs in favor of legal, law-abiding applicants. Belcher agreed, and an amendment was eventually approved to add the E-Verify wording into the agreement.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]