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Vanderburgh County preliminarily approves tax phase‑ins for Polyram expansion and Poet Square apartments
Summary
The county council unanimously approved preliminary tax phase‑in resolutions for SEZ/Polyram's $12.1M expansion and an $11M, 78‑unit Poet Square Apartments project, citing urgency to secure REDI/ARPA funding and regional investment. Developers stressed tight timelines to meet state and federal deadlines.
Vanderburgh County Council on Feb. 4 voted unanimously to adopt preliminary economic revitalization area resolutions for SEZ Holdings/Polyram USA and Poet Square Apartments LLC, clearing a key procedural step that lets both projects pursue local tax phase‑ins tied to state and federal incentives.
The Polyram application described a roughly $12.1 million investment — including a new 100,000‑square‑foot warehouse and about $3.1 million in manufacturing equipment — that the county’s economic-development contractor said would add about 29 new positions at the Evansville operation and strengthen the…
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