Seymour City Council approves tax abatements for O&k
O&k American plans to expand and hire 12 new employees at its Seymour facility.
The announcement is part of the steel coil plant’s $2.7 million investment in new manufacturing equipment and $1 million investment in real property.
Council approved 10-year abatements for both investments during its regular meeting Monday evening.
Jim Plump, executive director of the Jackson County Industrial Development Corp., said the company expected to begin the expansion next month and finish by year end.
O&k vice president Chris White said plans called for a 30,000 square foot building expansion connecting the company’s facilities on Bateman Drive in the East Side Industrial Park.
White said the company was pleased with the council’s devotion to economic investment. “We’re very appreciative of the effort of the council,” he said.
He said Seymour was supportive of O&k’s community efforts, including bringing in high school students to encourage manufacturing careers.
Source: The Jackson County Banner, 1/29/15