Company receives personal property tax abatement from city council
CHARLESTOWN, Ind. (Dec. 2, 2014) — One Southern Indiana announced that NIBCO INC., a leading international provider of valves, fittings and piping products, received a personal property tax abatement from the Charlestown City Council yesterday evening as the company considers investment plans.
The proposed project will include a capital investment of approximately $5.6 million and result in the creation of approximately 40 full-time positions. This comes on top of the 140 existing jobs that will be retained, representing a total annual payroll of more than $6.7 million.
“The training support we will receive allows NIBCO to provide manufacturing-based training and education to support our steadily increasing sales,” said Doug Kieper, plant manager. “In addition to providing opportunities in the community, this project will have a positive effect on our employees’ capacity to advance through the training we will provide.”
NIBCO opened its Charlestown facility in 1996.
The Indiana Economic Development Corporation offered NIBCO up to $150,000 in a Skills Enhancement Fund two-year training grant based on the company’s job-creation plans. These incentives are performance-based, meaning until Hoosiers are hired and trained, the company is not eligible to claim incentives.
“NIBCO plans on providing both in-house and outsource training for NIBCO associates in manufacturing methods, as well as advanced injection mold manufacturing techniques,” Kieper said. “Participants in our Advanced Training Program will be expected to contribute 3-5 hours each week into the community and to continue employment with NIBCO for not less than 2 years. We are pleased with the continuing support from the State of Indiana, the City of Charlestown, and One Southern Indiana.”