Two expansions would create 13 jobs
News Coverage:
February 20, 2016
Two expansions would create 13 jobs
Two Fort Wayne companies plan expansions costing a total of more than $1.25 million, creating 13 new jobs.
According to a request for tax abatement to be considered by City Council next week, Calico Precision Molding will invest $1.01 million in new equipment for its plant at 1211 Progress Road, resulting in 12 jobs paying an average salary of $29,166. An additional 49 jobs would be retained. If granted, the abatement would save the company $55,531 in taxes over seven years.
Founded in 2001, Calico had sales of nearly $11 million in 2015.
Accutech Mold & Machine, meanwhile, plans to add $250,000 in equipment at its 2817 Goshen Road facility, creating one job paying $25,000 and retaining 80 more. The abatement would save the company $12,812 over five years. Founded in 1996, Accutech produced molded plastic products and had sales of about $6.6 million last year.
Abatements temporarily reduce the taxes paid on new buildings and equipment.
