Aisin investing nearly $40 million, S and S Diesel moving to Seymour
Two companies have received 10-year tax abatements for new investment in Seymour, Indiana.
Automotive parts manufacturer, Aisin USA Mfg., will invest nearly $40 million that could also bring 70 new jobs to the area.
At Monday night’s Seymour City Council meeting, Aisin received approval for three 10-year abatements. Two of those are for real estate improvements and personal property at Plant 1 at 1700 E. 4th St. Rd. The other was for personal property at Plant 2 at 500 Burkart Blvd.
Also at Monday’s Council meeting, S and S Diesel Motorsport received 10-year abatement on their planned $350,000 investment to renovate a new building located at 1471 W. Tipton St. in Seymour. S and S is currently located at 3480 N. County Road 650 W. in Brownstown, IN, and expects to move into the new facility when their request for a zoning variance is approved.
S and S currently employs 10 people and does not plan to add any new jobs at this time, but that may change in the future.
Jim Plump, executive director of Jackson County Industrial Development Corporation, spoke on behalf of both companies.
Plump said the Indiana Economic Development Corporation is supporting Aisin’s growth by offering Economic Development for a Growing Economy (EDGE) tax credits to the company in the amount of $750,000.
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Source: The Tribune, Jackson County, IN