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Kokomo council hears presentation on tax abatements for Haines International’s $173 million expansion
Summary
The Common Council was presented two resolutions that would confirm tax abatements for Haines International Incorporated tied to a roughly $173 million capital project, including $52.6 million for a vacuum induction melting system; no final vote is recorded in the provided transcript excerpt.
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,…
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