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Columbus City Council approves tax abatement for Cummins expansion at Ollie facility
Summary
The council approved a modified SB 1 timeline and a tax abatement to support a planned $70 million expansion at Cummins’ Ollie testing facility; the company projects roughly $7 million in net new city taxes over 10 years and seven new jobs tied to the project timeline modification.
The Columbus City Council on April 15 approved a tax abatement and a minor modification to the company’s SB 1 application to support Cummins’ planned expansion of its Ollie testing facility in Columbus.
Cummins representatives told the council the project is a $50,000,000 investment in real property and a $20,000,000 investment in personal property. “This is a $50,000,000 investment in real property, and a $20,000,000 investment in personal property, which essentially will save the company approximately 6,260,000.00 in taxes,” Rob Jones, the project leader, said. Jones said the real-property investment would produce about $6,380,000 in net new city taxes and the personal-property investment would yield…
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