JLM Pharmatech plans to nearly double its workforce and invest nearly $7 million in equipment and building addition at its Eastside Industrial Park location.
Rich Chibnall, company CFO, attended the February 13th meeting of the Seymour City Council to request tax abatement on the investment, which was granted. The company currently employs 22, and plans to add 18 new jobs next year, according to Chibnall.
The company will invest an estimated $4.2 million on equipment and $2.7 million to expand their facility (located at 2223 Killion Avenue). The Indiana Economic Development Corporation has pledged $110,000 in tax credits and $15,500 in training dollars.
“Thank you for your investment and faith in Seymour,” Councilman Lloyd Hudson told the company following approval of the abatement request.
Meanwhile, Jackson County Council approved more than $2 million in abatements during their January meeting for a grain elevator project to be known as Tampico Grain and being developed by Steve Wischmeier and Scott Teipen south of Uniontown on U.S. 31 in Vernon Township.
Jim Plump, executive director of Jackson County Industrial Development Corporation, outlined the project to council members, and said the company plans to spend $1.225 million for logistics and equipment and another $829,424 for real estate. The council granted tax abatement on both real and personal property requests for a 10-year period.
In advance of the Council meeting, Teipen and Wischmeier attended the Jackson County Plan Commission meeting to request a land-use exception. “We want to expand a little closer to the interstate,” Teipen told members of that Commission.
Teipen said he and Wischmeier, who owns Tampico Grain, are looking at converting about 40 acres of the farmland into a commercial grain elevator and trucking operation.
The proposed operation would include parking for semitrailers, six grain bins, a grain dryer powered by natural gas and two scales, one for inbound loads and a second for outbound loads. The company outlined a five-year plan they have in place to move some of the grain operation to the proposed site at County Road 400 South and U.S. 31 north of Crothersville, where as many as six more larger grain bins could eventually be installed.