Biomet Seeks Abatement For Building Addition
July 28, 2016 at 4:25 p.m.
Biomet employees Terry Martin and Tom Bauters and Warsaw attorney Rick Helm approached the Kosciusko County council with a tax abatement request Thursday.
The company is planning a two-story building addition for a additional 60,000 square feet at its current manufacturing location on U.S. 30.
Building costs are about $5.5 million, according to Bauters, a CPA. He presented financial information while Martin gave specifics about the proposed expansion.
The building should be completed in September 2003 and an additional 250 to 300 employees are expected to be added after five years.
Over the next 10 years Plain Township will realize an additional $567,000 with the new addition. The company currently pays $534,000 in property and personal property taxes.
The council approved the 10-year tax abatement, with councilman Larry Teghtmeyer saying there was no reason to deny the company this request.
Attorney Mike Armey approached the board regarding a new business, located in Wisconsin, that plans to move to Kosciusko County.
Egg Innovations makes egg products, Armey said, and they would hire 20 to 45 employees.
Army said he was giving the council a preliminary look at the company's plans and would ask for an economic revitalization area designation when the company moves here.
A facility will be built on property owned by Mac's Eggs Inc. near the Tippecanoe River off of Schram Road, south of CR 100S.
Council members asked for more background information about Egg Innovations. [[In-content Ad]]
Biomet employees Terry Martin and Tom Bauters and Warsaw attorney Rick Helm approached the Kosciusko County council with a tax abatement request Thursday.
The company is planning a two-story building addition for a additional 60,000 square feet at its current manufacturing location on U.S. 30.
Building costs are about $5.5 million, according to Bauters, a CPA. He presented financial information while Martin gave specifics about the proposed expansion.
The building should be completed in September 2003 and an additional 250 to 300 employees are expected to be added after five years.
Over the next 10 years Plain Township will realize an additional $567,000 with the new addition. The company currently pays $534,000 in property and personal property taxes.
The council approved the 10-year tax abatement, with councilman Larry Teghtmeyer saying there was no reason to deny the company this request.
Attorney Mike Armey approached the board regarding a new business, located in Wisconsin, that plans to move to Kosciusko County.
Egg Innovations makes egg products, Armey said, and they would hire 20 to 45 employees.
Army said he was giving the council a preliminary look at the company's plans and would ask for an economic revitalization area designation when the company moves here.
A facility will be built on property owned by Mac's Eggs Inc. near the Tippecanoe River off of Schram Road, south of CR 100S.
Council members asked for more background information about Egg Innovations. [[In-content Ad]]