Tax phase-ins, wages and E-Verify, oh my!
A number of issues were discussed in relation to a proposed tax phase-in for Cequent Performance Products approved during Tuesday evening’s meeting of the Goshen City Council.
According to the resolution, Cequent will be awarded a five-year personal property tax phase-in on manufacturing equipment of an estimated value of $3.9 million. Through the phase-in, the company stands to save approximately $150,000 in tax costs.
In exchange for the phase-in, the company will hire 47 additional employees at wages of $9.62, $14.80 and $17 per hour, with 90 percent hourly and the remainder salaried, and will contribute 15 percent of its annual tax savings back to the city.
The proposal drew comments and concerns from both residents and council members alike.
According to Councilwoman Julia Gautsche, the wages being offered by the company fall below the average for both jobs in general and specifically manufacturing jobs in Elkhart County. She also noted it is estimated that people spend approximately 30 percent of their wages on housing expenses, and that would not be enough to rent a two bedroom apartment, taking into account that the fair market rent for such is $832 per month in the county.
“That means that landlords or people who own these properties
Business
Company gets tax break; 40 employees to be hired
- Business
-
-
Honey's Frozen Yogurt opens in Linway Plaza
The Bible references a land “flowing with milk and honey.” Another place similar to that is now open in Goshen.
-
Goshen airport to host helicopter fly-in
A new event is expected to draw dozens of helicopter owners and their machines to the Goshen Municipal Airport June 16.
-
Winnebago rejects purchase offer
Winnebago Industries, which manufactures recreational vehicles, has characterized an offer to purchase the company as “not credible.”
-
Cake Cottage opens at Concord Mall
A 4-by-8 foot cake to feed a group of Boy Scouts is a big cake. It is just one of many that Rhonda Potucek has created during the many years she has been baking. Potucek has opened Rhonda’s Cake Cottage in Concord Mall.
-
Ace to have new place as Martins will open new destination hardware store
“Patience is… a form of action,” wrote French sculptor Auguste Rodin (1840-1917). Rodin could easily have been writing about Larry and Gloria Martin, owners of Ace Hardware in Middlebury.
-
The Chief voted state's best ice cream shop
The Chief ice cream shop has been voted to have the best ice cream in Indiana and three other local shops placed in the top 10 of an online consumer poll.
-
Wholesale shop open at Bag Factory
GOSHEN — Merv Chupp, who opened Maple City Wholesale at The Old Bag Factory last month, said he thought about starting the business a year ago, but recently found the inspiration.
-
Attorney General: Right-to-work lawsuit can't be amended
State attorneys asked a federal judge Tuesday to bar a union from amending its lawsuit challenging Indiana's new right-to-work law, arguing that most of the new claims are the same as those in the original complaint filed in February.
-
Goshen teens recognized for their work ethic
The Goshen High School business students of the month are two teens working in banking and journalism.
-
Appleberry's restaurant opens in Linway Plaza
The Appleberry’s restaurant offerings started out with just breakfast items — now there is more.
- More Business Headlines
-
US Airways: Diverted Flight Has 'Landed Safely'
A Few Odd Business Sparks but Europe Gloomy
Revived Focus on Regulation After JPMorgan Loss
Gerard Butler: the Good, the Bad and the Cannes
At Least 25 Dead in India Train Collision
Raw Video: Private Rocket Blasts Off
Boy to Rescuers: 'Do You Have a Plan?'
Doctors and Devotees Debate Barefoot Running
Blacks Seek to Find Their Own Missing
Houston Museum Unveils $85 Million Dinosaur Hall
Chicago Police: 90 Arrested in NATO Protests
Ex-Rutgers Student Gets 30 Days in Webcam Case
Obama Sees Inspiration in Joplin Graduates
Raw Video: Man Saved After Niagara Falls Plunge
NATO: Afghan Exit 'Irreversible'
Catholic Groups Sue Over Contraception Mandate
4 Arrested After Man's Beating at Dodger Stadium
Investors Slap Facebook 11 Percent Lower
Raw Video: Dramatic 270-Foot Waterfall Rescue
Fingers Do the Fighting at Wrestling Tourney
