Submitted photo / Seymour Tubing manufactures a variety of auto parts, including these three components that are used to make auto shock absorbers. At right is a bushing. The lower left part is an inner tube, and the upper left part is an outer tube.
Seymour Tubing Inc. will receive $90,000 in state economic incentive grants for training its current and future workforce as part of the Japanese company’s plans to expand locally.
The announcement came at Monday’s Seymour City Council meeting, where Jim Plump, executive director of Jackson County Industrial Development Corp., requested tax abatements on behalf of the company’s planned $20.2 million investment at Eastside Industrial Park.
“This is very good news with another company making investment here,” Plump said.
The council approved the three abatements, with council member Jim Rebber abstaining from the vote because he is employed by Seymour Tubing.
“We want to thank you for your confidence in Seymour, for what you have been doing and for your future plans,” council member Lloyd Hudson said to Seymour Tubing officials at Monday’s meeting.
The announcement adds to the continued success of industrial growth in the area, Seymour Mayor Craig Luedeman said.
“This has been an outstanding year for economic development in Seymour and Jackson County, and the decision by Seymour Tubing to expand here continues that momentum,” he said.
The state grants are offered through the Indiana Economic Development Corp. and are performance-based, meaning until Hoosier workers are hired, the company cannot claim the incentives.
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