Confirming Tax Abatement - Lock Joint Tube, LLC 1217 S. Walnut Street (5 Yr. Personal Property)

Home Browse Search

18. What is the commitment your firm will make to minority employment during the five years of tax abatement? Petitioner is an equal opportunity employer with a focus on attracting hiring and retaining qualified employees. In addition, Petitioner is committed to following measures during the next five years to attract minority candidates to apply for positions at Lock Joint Tube. In addition to walk -in traffic and local advertisement, petitioner also uses local employment agencies to advertise positions for attracting candidates, including minority candidates. 19. The Equipment has not been installed as of the date of filing of this petition. The signature at the end of this Petition is verification of this statement. 20. The standard Industrial Classification Manual major group within which the proposed project would be classified, by number and description: Major Group 33 -- Primary Metals Industries 21. The Internal Revenue Service Code of Principal Business Activity by which the proposed project would be classified, by number and description: 331200 - Steel Product Manufacturing from Purchased Steel 22. The real property where the Equipment will be installed is located in the following Allocation Area, if any, declared and confirmed by the South Bend Redevelopment Commission: Sample Ewing Development Area 23. Other anticipated public financing for the project including, if any, industrial revenue - bonding to be sought or already authorized, assistance through the United States Department of Housing and Urban Development funds from the City of South Bend, Small Business Association Sections 503 and 504 financing through the Business Development Corporation of South Bend, Mishawaka, and the St. Joseph County, Indiana; or other public financial assistance, including but not limited to public works improvements. None. 24. Describe how and why the manufacturing equipment to be replaced or the facility in which Equipment will be added is currently technologically, economically or energy obsolete and how and why that obsolescence may lead to a decline in employment and tax revenues: Petitioner does not anticipate that its investment will "replace" existing equipment. Rather, the new investment will enhance its production capabilities and expand the types of products it can produce. This will lead to expansion of existing markets (and new markets) and additional product/customer diversification to support further growth.