LOGANSPORT — The Logansport City Council will consider a 10-year, $43,895 abatement for Transco Railways Products Inc., who said its expansion plans could mean up to 28 new full-time jobs.
The council’s planning and economic development committee met Friday and heard from Eric Nichols, plant manager at Transco, who said the company planned to extend the transfer table and add a track parallel to 18th Street to make its operation more efficient.
“The business is starting to grow a lot more around Indiana, and we don’t want to be left out,” he said, adding the company would hire around 20 employees at an average rate of about $16 per hour. “It’s hard telling two years, three years from now, but right now, the business is good, and we feel the opportunity to grow it out.”
The abatement requires a capital investment of $360,000 in property improvements and $565,000 of site upgrades and rail improvements.
Nichols said the improvements will cut about 45 minutes of downtime for the company’s employees between rail jobs.
“It’s going to be a lot more efficient for us,” Nichols said.
Council members asked few questions about the project, but Councilwoman Teresa Popejoy thanked the company for investing in the city.
Mayor Ted Franklin made acquiring jobs for the city a major part of his campaign and he said he began working on this project the day after he was elected.
“We were at a tipping point with Transco where they could have actually folded their operation in Logansport and locate at one of their other eight locations,” he said. “Instead, they decided to locate here. I think a lot of that is knowing that there’s going to be some stability there in that they don’t have to worry about losing part of their front yard to an 18th Street project. I think that was a major factor in them making a final determination to come here.”