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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. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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