The Tipton County Council has approved a $300,000 tax break in an attempt to lure 850 jobs to the area.
The owners of the abandoned Getrag transmission plant site will receive a more than $300,000 tax break, which could transfer as an incentive to the building’s buyer.
A trust of local contractors took over ownership of the land after Getrag Transmission LLC and Chrysler LLC, former partners on the construction project, backed out.
The incentives are directed toward a solar panel manufacturing company, whose name county and state officials have not released.
The company would bring about 850 jobs to the area if it bought the plant. The business has looked at two other sites.
The 85 percent-complete building has sat empty since 2008 when Chrysler filed a lawsuit against Getrag over financing for the construction project. The 90,000-square-foot factory was expected to create more than 1,000 jobs.
Advanced Assembly in Columbia City is adding a third shift and 114 jobs to keep up with demand from General Motors.
Indiana Metal & Manufacturing is gearing up in La Porte, and had hired seven of a planned 35 employees.
Evansville officials have accepted bids totaling $24.3 million for nine projects on the Downtown arena project.
Steel production in northern Indiana was up 16,000 tons for the week ended March 27.
Private nonfarm employment decreased 23,000 from February to March, the smallest decline since employment began falling in February of 2008.
Purdue University has come up with the $45.5 million in cuts requested by the state.
The Muncie Downtown Development Partnership cleared $40,000 on this year’s Muncie Gras, which will be used to fund other downtown community events.
