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Delphi Tax Abatement Could Save 3,000 Jobs |
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Written by Mike Buetow
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Tuesday, 30 September 2008 |
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KOKOMO, IN -- In hopes of enticing Delphi Electronics & Safety to keep some 3,000 jobs here, city councilors have reportedly approved a $160 million tax abatement for the company. The Common Council will hold a public hearing on the recommended abatement, a precursor to final approval, on Oct. 13.
Monies from the tax abatement would go toward the purchase of new electronics manufacturing equipment, with a reported $100 million earmarked for new equipment at the Kokomo operations.
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