During the Seymour City Council meeting on May 10th, Council voted 7-0 in favor of granting 10-year tax abatement to Fostech Inc., a firearms and accessories manufacturer in Seymour, Indiana.
The company will purchase a Matsuura Vertical Machining Center which will be used for manufacturing.
Fostech has 28 employees and will add 2 new jobs as a result of the new investment.
Fostech is a family-owned business owned by brothers David, Paul and Mark Foster, and their cousin, Judd Foster, serves as company president.
The company designs, builds and produces it own products.