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Hoosier Racing Tire receives Personal Property tax abatement, announces $16.8M investment in new equipment
MARSHALL COUNTY, INDIANA, JUN 25 – The $16.8 million investment aims to retain 447 employees and maintain a $27 million annual payroll, with a seven-year phased tax abatement approved unanimously by the council.
Summary by thepilotnews.com
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2 Articles
Hoosier Racing Tire to receive tax abatement, invest $16.8 million for Plymouth
PLYMOUTH, Ind. -- The Plymouth Common Council unanimously approved a personal property tax abatement for Hoosier Racing Tire Monday night, based on planned infrastructure improvements at the Plymouth facility that are expected to generate additional tax revenue for Marshall County.
Hoosier Racing Tire receives Personal Property tax abatement, announces $16.8M investment in new equipment
Monday, June 23, the Plymouth Common Council approved a Personal Property tax abatement for Hoosier Racing Tire. Hoosier announced they will be making an estimated $16.8M investment in new equipment as part of an ongoing expansion at the Plymouth facility.
·Plymouth, United States
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