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Kokomo council hears presentation on tax abatements for Haines International’s $173 million expansion

June 24, 2025 | Kokomo City, Howard County, Indiana


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Kokomo council hears presentation on tax abatements for Haines International’s $173 million expansion
At a meeting of the Common Council of the City of Kokomo, the city clerk read Resolutions 28‑46 and 28‑47, which set final action to determine that the qualifications for an economic revitalization area have been met and to approve real and personal property tax abatement for Haines International Incorporated, confirming Resolutions 28‑44 and 28‑45 dated June 9, 2025.

The measures were introduced by the clerk and then representatives of Haines International gave a presentation describing the company’s planned project in Kokomo. John Bomburger, identifying himself as counsel for Haines International, said the petitions relate to both real and personal property tax abatement and introduced company representatives to describe the project.

Tim Honeycutt, vice president of operations for Haines International in Kokomo, showed slides and described the investment in manufacturing capacity. “We’re gonna invest a total of about a $173,000,000 total. 52,600,000.0 go into a vacuum induction melting system,” Honeycutt said. He added that the company currently has a smaller vacuum unit and that many newer aerospace and military alloys are vacuum melted, a change Honeycutt said will allow Haines to “triple our capacity.”

The presentation also outlined additional work on long products forging, including radial forging; Honeycutt said the overall package represents a significant capital expenditure and will bring new employment to Kokomo, though specific job numbers were not provided in the transcript excerpt.

The clerk indicated public comment would be invited after the presentation. The excerpt provided does not record a formal council vote or final action on Resolutions 28‑46 or 28‑47.

Why it matters: The resolutions, if approved, would designate an economic revitalization area and grant tax abatements that supporters say are tied to a large-scale manufacturing investment in Kokomo and increased local production capacity. The council’s decision could affect local tax revenues and jobs tied to the Haines project.

The council presentation confirmed the resolutions reference earlier council actions: Resolution 28‑46 confirms Resolution 28‑44 (dated 06/09/2025) and Resolution 28‑47 confirms Resolution 28‑45 (dated 06/09/2025). The company’s representatives fielded questions and provided technical details but the transcript excerpt ends with the presentation; no final action is recorded in the provided material.

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