By Tribune Reports
Seymour Common Council will consider the sale of bonds tonight to help finance infrastructure and other needs for a $219 million Cummins Inc. expansion.
Council members will take a second reading on the sale of the bonds and are expected to review a memorandum of understanding with the Columbus-based engine
maker on its project at Seymour Engine Plant.
That expansion is expected to generate about 290 jobs, mostly higher-paying engineering positions.
The city is expected to net up to $4.5 million for local education initiatives as a result of the bond sale and expansion project.
For its part, Cummins has pledged between $4 million and $4.5 million to fund the Jackson County Education Coalition for projects and initiatives ranging from preschool to college to incumbent workforce training.
Last month, city council unanimously approved an
ordinance to borrow $2.375 million by issuing bonds for the project.
Councilman Lloyd Hudson said the money will be loaned to Cummins for property upgrades to support the engine maker’s growth onto the former Big Blue Store property and Indiana Department of Transportation land south of Cummins’ existing plant off East Fourth Street.
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