`

Beckman Coulter seeks $644,000 in incentives

September 17, 2007

Centrifuge maker Beckman Coulter Inc. expects to add about 120 jobs at a new facility on West 76th Street and has applied for tax abatements worth a total of about $644,000.

The Fullerton, Calif.-based company announced in January that it planned to move its Palo Alto facility to Indianapolis to cut costs and improve staff recruitment and retention.

The Metropolitan Development Commission is scheduled to consider tax abatements Sept. 19 that were part of the enticement effort aimed at bringing the company to Indianapolis. City documents show the company plans to invest about $7.6 million in its facility and equipment and that the jobs will pay an average of about $20 per hour.

The company is looking for 10-year abatements for real and personal property that would result in savings of about 50 percent, or $644,000. After the abatement period, the company would pay about $116,000 in annual property taxes. The current bill for the property is $8,800.

Shares of Beckman Coulter are traded on the New York Stock Exchange under the symbol BEC.

Source: XMLFULL/XMLFull4377.xml
ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus