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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. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

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  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

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