Cummins Inc. received a 10-year tax abatement for its $33 million investment in a new electrified power business segment.
The Republic reported that the Columbus City Council gave the Fortune 160 company the abatement for new machinery and improvements to its Columbus engine plant where the Electrified Power segment will be headquartered.
The $33 million investment in the 1.6 million-square-foot facility includes $30 million worth of machinery and equipment, and will create 75 new jobs by 2021. It will also retain 67 existing jobs.
Cummins is receiving up to $950,000 in conditional tax credits and up to $100,000 in training grants from the Indiana Economic Development Corp.