Edinburgh company planning nearly $27 million expansion
An Edinburgh area company is planning a $26.6 million expansion.
The George Utz company asked the Bartholomew County Council for a tax break for the proposed investment last night saying that would include $15.1 million in real property with $11.5 in personal property such as equipment.
According to a Greater Columbus Economic Development Corporation presentation, the company plans to add 87,000 square feet to its facility for a production hall, technical area and employee facilities. The equipment will include new manufacturing, logistics and IT equipment,
The expansion would add 32 jobs by the end of 2025 with an average wage of over $21 an hour. The company already employs 218 people at the plant.
The council approved the tax abatement request. Under a tax abatement, a company is allowed to phase in property taxes on the equipment and construction over 10 years.
Earlier Monday, the county commissioners signed off on the plan certifying that the project is in an economic revitalization area.
The company received a similar tax abatement in 2019 on a $23 million investment.