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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. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

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  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

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