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Redevelopment commission pledges $250,000 from Leesburg TIF for Fab Labs expansion
Summary
The Kosciusko County Redevelopment Commission approved a $250,000 pledge from the Leesburg TIF to help fund Team Fab’s proposed Leesburg industrial incubator, conditioned on completion of required forms and reimbursement upon submission of paid invoices.
The Kosciusko County Redevelopment Commission on July 11 approved a $250,000 pledge from the Leesburg tax-increment financing (TIF) district to support a proposed industrial incubator project in Leesburg.
Frank Levinson, representing Team Fab, told the commission the project would add roughly 36,000 square feet of new turnkey industrial bays to an 11-acre former John Deere service site and could generate an estimated 24–32 new jobs in 2025–26. Levinson said the total project cost is about $5,750,000 and that public funds…
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