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Tax incentive review council updates abatement list

FPS staff report

Seven tax abatements were cancelled and four others continued during the yearly Tax Incentive Review Council meeting held recently.

During the session, county commissioners, school district and township representatives review the current abatements and, based on information provided by Carroll County Economic Development Director Wayne Chunat, vote to continue or cancel the abatements.

The council voted to continue the following abatements:

*Colfor Manufacturing of Minerva. The 10-year abatement was granted in 2005. There have been 196 jobs retained. Chunat noted the expansion project is complete and 46 employees are laid off due to current industry conditions. He said the layoff would be indefinite until volumes to customers increase. The Minerva plant has 225 active employees with additional layoffs expected in mid-October. However the Malvern plant has 151 active employees and an additional 40 jobs are expected to be transitioned from the Salem operation to Malvern. It was noted electrical upgrades are expected to be complete in September. The company is receiving new business from John Deere, Harley Davidson and Caterpillar.

Colfor Manufacturing of Minerva. The 10-year abatement was granted in June 2000 for rebuilding and adding machinery valued at $5.5 million as well as retaining 192 jobs. It was noted there are currently 46 associates on layoff for all of Colfor.

*Seven Ranges Manufacturing Co. Inc./Aurora Gold, LLC of Carrollton. The 10-year abatement was granted in 2005 for a new addition to the existing facility. The abatement has allowed for the retention of 20 jobs and created seven new jobs. It was noted two employees are laid off due to a decrease in production requirements. *JOMAC LLC of Scio Rd. Carrollton. The 10-year abatement was granted in 2005 for new construction, machinery, equipment and inventory. There are 25 employees and that level is expected to continue through 2010.

The board voted to terminate the following abatements:

*M&M Drying, Minerva Real Estate and Commercial Alloys dba Minerva One, located at 217 Roosevelt Ave., Minerva. The company has been acquired through bankruptcy court by Imperial Zinc Corp and is now known as Imperial Aluminum- Minerva LLC. Chunat said contact was made with Imperial Aluminum to ask if they wanted to transfer the abatement to the new company and did not receive a response.

*Heritage Plastics, located on N. Lisbon St., Carrollton. The10-year abatement for remodeling a building to house drying operation ended in November 2009 and was removed from records.

*Noramco, located at 750 Garfield Ave, Carrollton. The 10-year abatement on machinery and inventory ended Dec. 31, 2009.

*Metaldyne Shaft Operations, Form Tech Industries LLC., formerly located in Minerva. The company is no longer in business.

*Colfor Manufacturing Inc. of Malvern. The 10-year abatement for re-building and a new building in 2000 ended June 30, 2010.

*Colfor Manufacturing of Minerva. The 10-year abatement for machinery and equipment ended June 30, 2010.

*Seven Ranges Manufacting Co. Inc./Aurora Gold of Scio Rd., Carrollton, in the Carrollton Industrial Park. The 10-year abatement was awarded for a new building, office furniture and equipment and some new manufacturing equipment when the company relocated from the village of Carrollton to the Industrial Park. The abatement expired April 1, 2009.


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