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Danville council approves declaratory resolution to open public hearing for 10-year tax abatement for TriK
Summary
The Danville Town Council voted unanimously to adopt a declaratory resolution that launches the public-hearing process for a proposed 10-year personal-property tax abatement for Sparks Engineering & Manufacturing (doing business as TriK), which proposes to bring about $6 million in new equipment to town.
The Danville Town Council on a 5-0 vote approved a declaratory resolution that creates the public-hearing process for a proposed 10-year personal-property tax abatement for Sparks Engineering and Manufacturing, doing business as TriK.
Joe Jason of the Hendricks County Economic Development Partnership told the council the company, owned by Gary Polk, plans to bring about $6,000,000 in new manufacturing…
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