Cummins to request tax abatements for electrification business

Correction: An earlier version of this story did not include the complete tax abatement request being made by Cummins Inc. 

Cummins will be asking the city of Columbus tonight for tax breaks on building improvements and equipment it will be buying for its new electrification business headquarters here.

Cummins will be requesting a tax abatement on $3.3 million in building improvements and $29.7 million in new equipment at the plant on Central Ave. According to paperwork filed with the city, the move is expected to retain 67 jobs and create 75 new ones with an average wage of over $30 per hour.

According to calculations by the city, Cummins would save just over $2 million dollars in future property taxes with the proposed 10-year-abatement, but the community would still net about $3.5 million in new property taxes from the expansion over the same period.

Columbus City Council meets at 6 p.m. tonight at city hall.