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Manufacturer seeks tax break, plans to add 100 jobs

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Applied Composites Engineering Inc., an Indianapolis-based manufacturer of products for the aerospace industry, is planning to spend $2.5 million on equipment that would help it double its work force over the next six years.

ACE, which employs 96 at its facility at 705 S. Girls School Road, near Indianapolis International Airport, said the new manufacturing equipment will let it retain 96 employees and add another 104 before the end of 2019. The positions, it said, pay an average wage of more than $21 per hour.

The 30-year-old company has asked the Metropolitan Development Commission for a tax abatement on the personal property, which would save ACE nearly $110,000 over six years.  The company would pay almost $60,000 in personal-property taxes on the new equipment during that time, plus another $22,000 annually after the abatement period.

ACE said it needs the equipment, which will be used to make and repair carbon fiber airplane parts, to stay competitive in the aerospace industry.

The Department of Metropolitan Development is backing the tax break. The MDC is expected to hear the proposal  Dec. 4. The plan also will require approval of the City-County Council because ACE is in a tax-increment finance district.

ACE was founded as a racing and automotive tolling and support business, but switched gears in the mid-2000s.




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  • Educate Yourself
    Please educate yourself regarding tax rates for small businesses of this size, and then please post a more informed, less troll-like comment. How is it "robbery" to ask for a reasonable break in order to employ more people in rather well-paying jobs (with benefits!). No one person is getting richer here. It is the community that will benefit. 104 more families - in this down economy - will be able to pay their bills and feed their families. Why shouldn't the government support this goal?
  • The rich get richer
    Rob from the poor...give to the rich..it's the Indiana way

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    1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

    2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

    3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

    4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

    5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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