Courier expanding in Kendallville
Council OKs Courier abatement
Posted: Tuesday, February 17, 2015 11:00 pm | Updated: 6:35 am, Wed Feb 18, 2015.
By Dennis Nartker
KENDALLVILLE — The Kendallville City Council on Tuesday night approved a 10-year, incremental tax abatement resolution for Courier Kendallville Inc.’s investment of $4,050,000 in new manufacturing equipment.
As a result of the new equipment, Courier Kendallville facilities at 2500 Marion Drive and 3094 Lester Drive and will not add new jobs, but it will help retain 703 jobs, according to the company’s abatement application. The city’s Economic Development Advisory Committee recommended the abatement be approved Feb. 9.
Courier Kendallville is eligible for an abatement because it lies within a city economic revitalization area.
The company will save $144,531 in taxes over the abatement’s 10-year period.
Courier Kendallville prints and binds textbooks and manuals, and is the city’s largest employer. Workers average more than $37,000 a year in wages and benefits, according to the company.
Councilman Frank Walkup thanked Courier Kendallville plant manager and Vice President Christine Bitner for her company’s continued investment in Kendallville.
“It’s a sound company, and Courier has done great things for this community,” said Councilman Regan Ford.