News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow16563.30-317.06
Nasdaq4369.77-93.13
S&P 5001930.67-39.4
AEP51.99-1.01
Comcast53.73-1.68
GE25.15-0.49
ITT Exelis16.84-0.19
LNC52.39-0.62
Navistar35.17-1.43
Raytheon90.77-1.85
SDI21.21-0.27
Verizon50.42-1.34

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

Tuesday, October 8, 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.