Reporting: Cummins planning $18 million Seymour expansion
Cummins is planning a nearly $18 million dollar expansion in Seymour. The Seymour Tribune newspaper is reporting that the city council has approved three recent tax abatement requests from the Columbus-based engine manufacturer.
Two of the tax abatements were for personal property and one was for real estate, with all three totaling $17. 74 million dollars. A tax abatement allows businesses to phase in property taxes on new investments, usually over a 10 year period, rather than pay taxes on the investment all at once.
The newspaper reports that the improvements will start mid-May and no new jobs are being projected due to the improvements.