The Goshen City Council will be asked to continue a tax abatement on up to $10 million in new manufacturing equipment for Lippert Components that members nearly nixed last year when the job numbers, on paper, appeared underwhelming.
The Goshen News reported that the council will review on Tuesday (June 5) a compliance form submitted by LCI, which the company has provided every year since receiving the abatement in 2013. The latest form, which covers 2017, values the equipment at $7.88 million so far and shows that the company added 77 jobs that year.
The property tax phase-in is for a suite of new painting equipment, lathes and dust collectors worth up to $10 million and is meant to continue until 2024. The equipment was planned for installation in Lippert plants at 2703 College Ave., 1701 Century Drive and 2475 Kercher Road.
As part of the agreement between the city and LCI, the company projected that the investment would result in 376 new jobs.
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