• Facebook
  • Twitter
  • RSS
27°
Wednesday December 17, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow17356.87288
Nasdaq4644.3196.48
S&P 5002012.8940.15
AEP58.820.99
Comcast55.3350.525
GE24.660.17
ITT Exelis16.960.23
LNC55.591.64
Navistar30.341.24
Raytheon102.65-0.4
SDI20.0750.595
Verizon46.440.91

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.