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Elkhart council OKs five-year personal property tax abatement for World Wide Foam, 8-0
Summary
The Elkhart City Common Council voted 8-0 to adopt Resolution 25 R-5, designating an area as an economic revitalization area and approving a five-year personal property tax phase-in for World Wide Foam after staff outlined a $2.84 million investment and 56 new jobs.
Elkhart City Common Council members voted 8-0 to adopt Resolution 25 R-5, designating a specified area as an economic revitalization area and approving a five-year personal property tax abatement for Jacobs and Thompson Ltd DBA Worldwide Foam CJSB Properties Inc., commonly referred to at the meeting as World Wide Foam.
The council heard from Drew Wines, Economic Development, who said the project involves a $2,843,417 investment in personal property and equipment, includes advanced…
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