Council grants 2 tax breaks for Cummins

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Cummins Inc. has plans to spend $2.28 million this year in capital expenses as part of its ongoing growth and expansion of the Seymour Engine Plant and Seymour Technical Center on Fourth Street.

The Seymour City Council recently approved two tax abatements for the company, allowing Cummins to phase in paying taxes on the investment incrementally over the next 10 years.

The first abatement was for $1.09 million in real estate improvements for changes to office, production and test cell areas in the technical center. The second was for $1.19 million in new manufacturing equipment for assembly, painting and production.

Work on the project is expected to begin in mid-May and wrap up by the end of the year.

Although no new jobs are being created at this time, Jim Plump, executive director of Jackson County Industrial Development Corp., said this past year, Cummins did not project any new jobs as a result of investment but ended up hiring 107 workers.

The company currently employs 639 people, according to statement of benefits forms filed with the city last month.

“I think they need this equipment and this manufacturing space, and jobs are kind of uncertain at this time,” Plump said.

Since 2010, Cummins has invested a total of $281.34 million in its Seymour facilities.

Council President Jim Rebber said he appreciated Cummins being in Seymour and what the company has been able to do for the city.

Plant manager Darren Wildman said Cummins also is thankful for the city’s support.

“It’s been a good working relationship, and we want it to continue,” Wildman said.

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Cummins Inc.’s investment in Seymour since 2010

Personal property

Year;Investment

2010;$1,991,522

2011;$8,798,363

2012;$32,290,372

2013;$50,389,168

2014;$34,942,733

2015;$7,977,439

2016;$1,378,065

Total;$137,767,662

Real property

2010;$8,222,069

2011;$31,338,435

2012;$28,936,774

2013;$28,819,845

2014;$30,096,859

2015;$12,287,952

2016;$3,873,744

Total;$143,575,678

Jobs created

2010;46

2011;45

2012;41

2013;192

2014;80

2015;180

2016;107

Total;691

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