Manufacturer's $12.6 million expansion to create 27 jobs in New Haven
'Phase in ' would save CSC-Indiana $788,000 over 10 years
By Kevin Leininger of The News-Sentinel
Friday, June 21, 2013 - 9:22 am
A $12.6 million project is expected to create 27 new jobs at a New Haven manufacturer of corrugated paper products.
In an application for a tax “phase in” filed with the Allen County Department of Planning Services, Corrugated Supplies Co. Inc.-Indiana said its investment in new equipment would create jobs with salaries averaging between $39,000 and $75,000. If approved the phase in, formerly known as an abatement, would reduce its taxes on the equipment by $788,000 over 10 years.
The company agreed to return 5 percent of its savings to a county fund used to promote economic development.
Fifty-seven people now work at the company's facility at 2190 Summit St. According to the application, the company might not be able to keep pace with customer demands without the added capacity. The new equipment could be purchased next month and operational by early 2014.
CSC, headquartered in Bedford Park, Ill., announced its expansion into New Haven in 2005. The company provides paperboard sheets primarily to small-and medium-sized independent box makers within a 250-mile radius.
Its original New Haven expansion also received a variety of incentives from state and local governments.
The phase-in request could be considered by New Haven City Council next month.