The company is planning on adding a 13,000-square-foot addition onto its 34,000-square-foot facility. The company will also purchase new manufacturing and computer equipment, and create additional jobs with a combined payroll of $2.9 million.
Currently, a 10-year tax abatement will allow the company to reduce taxes payable on the new building and equipment. The company also receives $1.6 million in state tax credits and more than $100,000 in training grants as incentives to maintain the Fort Wayne location.
Read the report on Nomcomed.
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