Jun 30, 2021 | Jackson County News & Info
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.
Click here for full article.
Source: The Tribune, Jackson County, IN
May 17, 2021 | Jackson County News & Info
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.
Apr 1, 2021 | Jackson County News & Info
Two companies are planning to invest nearly $20 million into their Seymour operations this year creating economic growth and job opportunities for the area.
Seymour City Council recently approved tax abatement requests from Cummins and Excel Manufacturing.
Speaking on behalf of Cummins, Jim Plump, executive director of Jackson County Industrial Development Corporation, said the company was seeking three tax abatements – two for personal property and one for real estate.
“Last year, Cummins announced they were looking at a multi-year investment and this is year two of that,” Plump said.
The investment for all three abatements for the engine-maker totals $17.74 million. Cummins currently employs 950 workers at its Seymour plant and is the third largest industrial employer in the county.
Excel Manufacturing will spend $1.5 million to purchase new manufacturing equipment and for related expenses. Brent Kilgas, president of Excel, said the investment is being made in order to complete projects and fill orders for their customers.
The company, located in the East Side Industrial Park in Seymour, offers production machining, engineering, fixture design and building and assembly services.
“Our plan is to purchase CNC machines, industrial robots and supporting equipment to manufacture these items for our customers,” Kilgas said.
By updating to more current technology and equipment, Kilgas said Excel has the ability to remain competitive in the global marketplace.
As a result of the investment, Excel will add three new employees and retain its current workforce of 86 while generating an estimated $3.75 million in annual salaries.
Oct 23, 2020 | Jackson County News & Info
Funds will go to increase access to high-speed internet in rural Jackson County, Indiana
Nearly 5,000 Jackson County Rural Electric Membership Corp. (REMC) customers will have access to high-speed broadband internet in the coming months thanks to the U.S. Department of Rural Development’s ReConnect Program.
REMC will receive a $1.9 million grant and a $1.9 million loan through the program. The investment is part of the $550 million Congress recently allocated to the 2nd round of the program.
“I’m so glad to see this investment in infrastructure in my home state of Indiana,” said Ted McKinney, USDA Under Secretary for Trade and Foreign Agricultural Affairs.
“In my conversations with our overseas trading partners, we often speak about the important role of innovation to global agriculture. But innovation depends on access to reliable, high-speed internet,” he said. “I’m hopeful that investments such as ReConnect can help farmers operate more effectively and efficiently to deliver their products to those across Indiana – and, indeed, across the world.”
REMC plans to use the funding to deploy a fiber-to-the-premises network to connect 4,881 people, 198 farms and 36 businesses to high-speed broadband in far western Jackson County and eastern Lawrence County.
Mark McKinney, CEO of Jackson County REMC, said a survey of its customers in the area to be served shows it is under served if served at all. If everything goes as planned, construction should begin sometime before the end of the year and could expect to see people starting to get connected early summer or late spring.
Find more information in the entire article in The Tribune, 10/9/20
http://www.tribtown.com/2020/10/10/remc_receives_nearly_4_million_grant/
