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Fort Wayne company to invest $750,000, create 30 jobs

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.The Associated Press
Tuesday, October 08, 2013 12:01 am
A $750,000 investment could produce 30 new jobs at a local company.

Fort Wayne Industrial Properties LLC is asking City Council for a tax “phase in” on its plans to invest $750,000 in a building at 4817 Industrial Road that has been vacant for three years. Phase-ins temporarily lower taxes owed on new equipment or building improvements.

The jobs would have average salaries of $58,333, with a total additional annual payroll of $1.75 million. The start-up company will sell concrete, sand, gravel and related products.

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