Perry County council preliminarily approves 10-year tax abatements for WebWell Products expansion

PERRY COUNTY, Ind. — The Perry County Council on Thursday unanimously adopted two declaratory resolutions preliminarily approving real- and personal-property tax abatements for WebWell Products Inc., moving the request to a public hearing scheduled for Oct. 23 at the council’s regular meeting.

Jonathan (staff member) told the council the proposed expansion would add roughly 200,000 square feet of assembly and manufacturing space and represent about $57,000,000 in total investment, of which roughly $15,000,000 would be real property and $42,000,000 personal property. He said WebWell will retain about 92 existing employees and add about 28 more as the project phases in construction and equipment installation.

The declaratory resolutions are the initial step in Indiana’s tax-abatement process; if the council confirms the declarations after a public hearing, the final abatement schedule and any conditions would be set at the confirmatory stage. Jonathan said depreciation schedules for personal property are not finalized and that the applicant is working through required calculations. He also said the applicant considered two…