Abatements Approved For Columbus Expansions
Rightway Fasteners is headquartered in Columbus.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Columbus City Council has unanimously approved tax abatements for three companies. The Republic reports Rightway Fasteners Inc., Cintas Corp. and Tipton Mills Foods are planning a total of $16 million in expansions or new equipment in the Bartholomew County city.
Rightway Fasteners is seeking a 10-year, $287,000 abatement for its plans to invest $9.85 million for new equipment and add 17 jobs at its Columbus plant. The company, which makes fasteners for the automotive industry, plans to begin installing the equipment in April and be complete by March 2019, according to the publication.
Cincinnati-based Cintas Corp. says it will invest $1.3 million to construct a 17,500-square-foot distribution center in the Woodside Northwest Industrial Park which will retain 49 employees and add three jobs by 2021. The Republic says the tax abatement Cintas is requesting will save the company more than $96,000.
Tipton Mills Foods is also planning a 40,000-square-foot expansion at its Columbus facility. The $4.4 million project is slated to begin in April, creating 15 jobs and retaining 31 more in the process. The tax abatement approved by the council will save the company, which makes powdered beverages and foods, more than $400,000.
You can read the full story in The Republic by clicking here.