Steel Dynamics Requests for Tax Cut for Heartland Expansion
WTWO/WAWV reported that Steel Dynamics has requested or 10 year tax abatement from the Vigo Co County Council to help fund their USD 231 million expansion project at their Heartland facility in the Vigo County Industrial Park. It’s been a part of the industrial park since the late 90s and currently employees more than 200 people with an annual salary of at least USD 95,000. The expansion will allow for 84 new jobs at the facility paying at least 80,000 dollars annually and create 500 additional construction jobs.
The expansion project is scheduled to be completed by Dec. 2022, if the tax abatement is approved. The county council will hold a preliminary vote on Aug. 10, with plans to make a final decision shortly after.
“I really hope that the Vigo County council can see benefit, not just the taxes. It’s going to be good for all of the community as it has been for the last 20 years with our current plan,” Bohrer concluded.
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