Noblesville council weighing 10-year tax phase-in for SMC

July 25, 2013
Back to TopCommentsE-mailPrintBookmark and Share

Fast-growing SMC Corp. of America plans to spend $6.1 million on equipment to expand production and distribution capacities at its North American headquarters in Noblesville.

The city’s Common Council this week unanimously approved a request to gradually collect personal property taxes on the equipment, saving SMC nearly $400,000 over 10 years. (Update: Council unanimously approved the tax break on Aug. 13.)

SMC employs about 680 at its sprawling Noblesville operation and has promised to add almost 100 positions there by 2017. (The average salary, according to the abatement request: $48,250.)

The company, which makes pneumatic and electric automation equipment, had 460 workers when it relocated to Noblesville’s Corporate Campus in 2008. It has invested over $67 million at the site since then, said city economic development chief Judi Johnson.

Last year, the city approved a 10-year tax phase-in for an expansion that brought the size of SMC’s facility to nearly 1.5 million square feet.

Although the current abatement request doesn’t include a jobs pledge, Johnson is encouraged by the company’s continued investment in Noblesville—not to mention outside recognition like its recent ranking by Forbes magazine as one of the 50 most-innovative companies in the world.

“The promise of future growth is there,” she said.

If the abatement goes through as expected, SMC plans to install the new equipment over the next 18 months.

ADVERTISEMENT
  • Employes 680?
    There are almost 700 people working at this facility in Noblesville? I hadn't even realized the place even opened up yet. Not a whole lot of activity/traffic going on over there for 700 people working there.
  • Have you been in the building?
    Doubtful - how could you possibly know this from the "activity" in the area? Have you been in the building or seen the pure size of it? Speaking without knowing.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

ADVERTISEMENT