COLUMBUS, Ind. — A thermoplastics manufacturer is receiving a deduction on new equipment for a Columbus facility.
The Columbus City Council approved a tax abatement Tuesday for Flambeau, Inc. It is a personal property tax abatment on “an investment of $700,000 for new manufacturing equipment,” said Robin Hilber, city community development assistant director.
The company will save about $40,000 over the 10-year abatement period. According to a letter from Flambeau Controller Hugh Cunningham, the company plans to expand operations at its 4325 Middle Road facility, and the project will require installing new equipment.
The expansion will result in the retention of 120 jobs, as well as the addition of 10 new jobs by the end of the year. The new jobs are expected to have an average wage of $15.65 per hour.
