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Council approves $25M USCO development and 10‑year, 100% tax abatement package
Summary
Resolution 26R‑09 authorizes a development agreement for USCO Industries to build a 70,000 sq ft facility in Hammond (about $25 million investment) and approves a 10‑year 100% property‑tax abatement as part of an incentive package; city and sponsors said the project will create about 100 jobs and include workforce training commitments.
The council approved Resolution 26R‑09 authorizing a development agreement among the city, the redevelopment commission, USCO Industries Inc., and Bogie Club LLC for a project on Calumet Avenue. Council remarks described the project as a roughly $25,000,000 investment that will build a 70,000‑square‑foot industrial building, create about 100 jobs and make the company’s regional or national headquarters located in Hammond.
Council members explained the incentive package includes a 10‑year, 100% real‑estate and personal‑property tax abatement subject to an annual imposed fee of 15%. Sponsors said the package is more generous than usual because the company stayed in negotiations and committed to hiring locally and training employees. The resolution passed unanimously (9–0).
