Members of the Logansport City Council’s economic development committee learned Monday that a manufacturing firm might soon bring more than 90 jobs to the city.
Nolan “Skip” Kuker, president of the Logansport-Cass County Economic Development Foundation, did not identify the company but he said he hoped to have an announcement before the council’s Nov. 7 meeting.
“Hopefully they’ll make the announcement sometime around Nov.
1,” he said. “There’s been an ebb and flow for some number of months now.”
Kuker said the company would provide 94 new jobs with an average wage of $14.04 an hour and benefits that include health care, a 401K plan and tuition assistance.
The manufacturer will ask the council for a $2.7 million tax abatement over five years. It also plans to ask for a loan not to exceed $50,000 from county economic development income tax funds to help in paying for the training of new employees over the first two years.
Other government entities, including the Indiana Economic Development Corporation, are being asked to help the company in opening its doors.
Also at Monday’s meeting, Kuker laid out a proposed $500,000 abatement for Matthew-Warren Inc.
John Lendel, general manager at Matthew-Warren, said the four-year abatement will help the company make building and energy-use improvements, improvements to its computer system and, essentially, maintain the 175 employees it currently has employed.
“This is really for the overall equipment and to keep production at a modern level,” Lendel said.
That proposal, too, will go before the council on Nov. 7.
• Jason M. Rodriguez is news editor at the Pharos-Tribune. He can be reached at 574-732-5117 or email@example.com.