• Facebook
  • Twitter
  • RSS
24°
Tuesday January 27, 2015
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17484.08-194.62
Nasdaq4711.69-60.07
S&P 5002038.75-18.34
AEP64.53-0.04
Comcast56.770.08
GE24.3953-0.1947
ITT Exelis17.685-0.205
LNC51.825-0.535
Navistar31.42-0.08
Raytheon105.63-0.87
SDI17.810.34
Verizon46.654-0.306

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.