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04-25-16 Common Council Packet and Agenda
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04-25-16 Common Council Packet and Agenda
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Investment Details <br />.i-1`' <br />% s a' , ; t $r `r V s'r . .tom.��',(.•.¢. ''' aw i 4 a �, ,F-S- � 5Q�w.. , � a 7, '. . I ° �4 W <br />'� <br />,$, <br />aw �3 <br />• • 111 $1,200,000 - <br />IN <br />eh m <br />"`c e• .: o• �- r'"�c's- eo onih��L�y's . s/tent `:, ^ <br />o Ago tl�ejoreproaesrrngco . .� �� ram �= <br />sia <br />The Lebermuth Compan , Inc. <br />- <br />www.lebermuth.com <br />Proposed Project <br />Information <br />4004 Technology Drive I= <br />South Bend, IN 46628 <br />t mmg a Lebermuth Company, Inc. <br />i e e Owned <br />leased'"; <br />° Era <br />=120,000 <br />ff In°wti�n� <br />Primary Contact <br />information <br />Carmen Wn ht <br />,. ` HR Mana er <br />4004 Technolo Drive <br />_ ° ° 574- 259 -7000 <br />South Bend, IN 46628 <br />4' ' `'' Carmen.Wri ht Iebermuth.com <br />Senior . <br />Mark Sinclair <br />J9kVMJ ,sae CFO /Controller <br />;� <br />c. 4004 Technology Drive <br />a 574 -259 -7000 <br />Consultant Inform <br />South Bend- IN 46628 <br />ati on�Agent <br />man Mark.Sinclair lebermuth.com <br />m� RSM US LLP/Eric <br />Consultant Y <br />9225 Priority Way West Drive #30 <br />t�rtBCO o e 'e op 'ent. <br />a_ . ers <br />Y <br />" <br />Indiana olis, IN 46240 <br />_ <br />6nall eric.levenha en rsmus.co <br />Project Overview <br />e " <br />Since 1908, The Lebermuth Company has been a leading innovator in the fragrance, <br />" <br />flavors and essential oils industries. This family owned company is evaluating an <br />pfO <br />installation of Fricke automated filling equipment for about $1,200,000 in May of 2016 <br />along with possible $225,000 building addition to house the Concordia automated <br />machine. This type of automated equipment generally reduces staff by 4 positions, but <br />the company does not plan on reducing their overall staff levels. The company did not <br />request Personal Property tax abatement on the last expansion in 2013 and has met <br />their goal of $1,200,000 Real Property tax abatement investment goal from 2013. The <br />'company did end up creating about 15 net, new jobs from <br />though they did not commit to new hiring in previous appli aticip <br />have additional net, new hiring at this site with about 5 ne sta <br />APR 2 0 2016 <br />Emrs AM FWI ER <br />o <br />n t <br />No CLEW. SOUTH BEN <br />, <br />asn een <br />eS <br />Num ed <br />iss pe do <br />ecsona' pe :a <br />s: <br />NO <br />Investment Details <br />.i-1`' <br />% s a' , ; t $r `r V s'r . .tom.��',(.•.¢. ''' aw i 4 a �, ,F-S- � 5Q�w.. , � a 7, '. . I ° �4 W <br />'� <br />,$, <br />aw �3 <br />• • 111 $1,200,000 - <br />IN <br />
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