Laserfiche WebLink
CITY OF SOUTH BEND I COMMUNITY INVESTMENT <br /> PROJECT SUMMARY <br /> ➢ Precision aerospace machine will allow Masterbilt to produce more complex parts <br /> ➢ New project taxes over the five year abatement period—$41,198 <br /> ➢ Estimated taxes being abated during five year abatement period—$16,292 <br /> ➢ Total taxes to be paid on new and existing equipment over the next five years — <br /> $24,906 <br /> EMPLOYMENT IMPACT <br /> Per the petition, it is estimated that the total project will: <br /> ➢ Create two (2) permanent, full-time jobs within the first year, representing a new <br /> annual payroll of$74,880. These new jobs are expected to have an hourly rate of <br /> approximately $18.00 as they are more highly-skilled advanced manufacturing <br /> jobs. <br /> ➢ Maintain seven (7) existing permanent full-time and three (3) existing part-time <br /> jobs with a payroll of$268,060. <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 1400S County-City Building 1 227 W.Jefferson Bvld.I South Bend,Indiana 466011 p 574.235.93711 www.southbendin.gov <br />