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Friday, Apr. 29, 2016

Booming local business receives abatement

Tuesday, January 6, 2009

A local business is receiving help to work toward the future.

During Monday's meeting, the Clay County Council approved the final reading of a personal property tax abatement for JWS Machine, Inc., Brazil.

Typically, the council approves personal property abatements on a five-year term, but approved this one with a seven-year term.

The abatement is for new equipment, which has already been purchased by JWS, at a cost of $145,660.

JWS, 12013 North County Road 200 West, Brazil, began operations in June 1993 and produces jet engine parts and other metal works. However, they are currently working to manufacture portable physical therapy machines.

In the December meeting, representatives from JWS said the company currently has 38 employees, anticipates hiring two or three more in the upcoming months, and could be up to 100 between 2012 and 2015.

Like other recently approved abatements, an abatement calculation agreement is attached which would allow the county to reduce or "clawback" abated tax dollars should the company not meet its hiring expectations or shut down operations before the term of the abatement expires.

However, for the first time, JWS is allowing 5 percent of the abated tax dollars to be remitted to the Clay County Redevelopment Commission. The money will help the commission attract businesses to the county by providing a cost incentive to perspective companies.

The council also made the following appointments for 2009:

* Alcoholic Beverage Control Board -- Jim Mayrose,

* Property Tax Assessment Board of Appeals -- Gerald Hardesty and Carolyn Mullins,

* Clay County Redevelopment Commission -- Bill Sisson and Glen Morrow,

* West Central Indiana Economic Development District -- Larry Moss and Dolores Johnson, and

* Personnel Committee -- Mike McCullough.

Other than Morrow, all individuals were re-appointed to their respective positions. Morrow is replacing Brian Wyndham, who was elected to the council along with Chip Hoskins, on the Clay County Redevelopment Commission.

In other business, McCullough was re-elected as president of the council and Rita Rothrock was named vice president. The council also passed a salary ordinance which locks in the compensation for all county employees and elected officials.

The next meeting of the Clay County Council will be Monday, Feb. 2, 2009, at 6 p.m., in the Commissioners' Courtroom at the Clay County Courthouse.

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