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Two automotive suppliers plan expansions in Marion County

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Two small automotive suppliers expect to create or expand operations in Marion County and together are looking to add 93 employees over the next five years.

Reflex & Allen USA Inc. plans to add $1.6 million in new equipment to fulfill a contract for Volvo and hire 48 more people through 2018, according to its request to the county for a property-tax abatement.

Innovative Coating Solutions Inc., a new Japanese joint venture, plans to start operations on Georgetown Road with $1.9 million in new equipment and would hire 45 over the next five years. It also is seeking a tax break.

Indianapolis Department of Metropolitan Development staff has recommend approval of the personal property-tax abatements for each firm. The proposed resolutions will be introduced to the Metropolitan Development Commission of Marion County on July 17.

Reflex & Allen started operations at 2265 Fortune Circle West Drive in Wayne Township in 2012 and has 38 employees. Locally, the international auto supplier makes formed tubes used in light trucking.

The company says it anticipates creating 48 jobs to help fulfill a new contract with Volvo, which also would require a $1.6 million investment in new equipment. The jobs would pay an average $15.47 per hour, while the firm's existing employees make an average $13.70 per hour.

The city's staff is recommending a four-year abatement on the equipment worth $51,615, a 65-percent savings. The company is expected to pay a total of $27,435 in personal property taxes during the abatement period and nearly $14,000 per year after it expires.

Innovative Coating Solutions Inc. is a joint venture of Toyota Tsusho America Inc. and Saski Manufacturing that applies pressure-sensitive adhesives to cloth and foam used in cars. The company wants to establish its first production facility at 7950 Georgetown Road in Pike Township. The startup currently has two employees, and the firm estimates its 45 new hires would earn an average $17.28 per hour.

City staff is recommending a five-year abatement, which would save Innovative Coating $71,484, or 64 percent on its personal-property taxes.

Innovative Coating is expected to pay $39,516 over the five-year period and $16,650 a year afterward.

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

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