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.
TERESA SMITH, Times-Union Staff Writer- | July 28, 2016