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Council approves three‑year tax abatement for Philip Pattern & Casting to replace equipment, retain 34 jobs
Summary
Muncie City Council voted to adopt Resolution 1‑25, granting a three‑year deduction from assessed value for Philip Pattern & Casting to support about $370,000 of equipment investment aimed at retaining existing jobs.
MUNCIE, Ind. — The Muncie City Council on Jan. 6 adopted Resolution 1‑25, approving a three‑year deduction from assessed value for new manufacturing equipment at Philip Pattern & Casting Inc., a local metalcasting firm that said the investment will help it modernize and retain existing jobs.
Tracy Lutton of the Muncie‑Delaware County Economic Development Alliance told the council the company plans roughly $370,000 in equipment investment to replace obsolete machinery, which the Alliance and the…
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