Expansions at three Fort Wayne companies to create 59 jobs.
Expansions at three Fort Wayne firms will produce a total of 59 jobs and about $27 million in investments.
According to applications for tax incentives to be considered Tuesday by City Council, Vita Nonwovens LLC will add 22 jobs through a $19 million project at 9403 Avionics Drive, Alconex Specialty Products will invest $7.05 million and add 35 employees at 7255 Chalfant Road and Advanced Cutting Systems will spend $784,000 and create 12 jobs at 4030 Piper Drive.
Vita Nonwovens, which makes nonwoven products for the automotive, mattress, healthcare and other industries and has annual sales of about $62 million. The company currently employs 86, and new new jobs will pay an average salary of $42,000. The project includes a $9.3 million, 140,000-square-foot addition to its current plant and $9.7 million in new equipment, and the project is expected to be complete by the end of the year.
If council approves the company’s request for an abatement, it would save $696,500 in equipment taxes and $1.56 million in real estate taxes over 10 years.
Alconex, a maker of magnet wire that currently employs 71 people in Fort Wayne, will build and equip a new 110,000-square-foot facility. The company has operated in Fort Wayne for more than 30 years and currently operates an 80,000-square-foot facility at 4204 W. Ferguson Road, which company officials have said cannot be enlarged.
Alconex reported sales of about $37 million last year and expects the project to be completed by the end of 2021. The new jobs will pay an average of $29,371. The abatement would save the company $132,069 in equipment taxes and $877,528 in real estate taxes.
Advanced Cutting Systems, which offers waterjet cutting, laser cutting and fabrication services, currently employs 40 and will add new manufacturing equipment. The 12 new jobs will pay an average of $29,583. The abatement would reduce the tax on the new equipment by $34,707. The company had $4.1 million in sales last year.