Steel Dynamics requests 10 year tax abatement for expansion project

Local News

TERRE HAUTE, Ind. (WTWO/WAWV)– Steel Dynamics requested a 10 year tax abatement from the Vigo Co. County Council to help fund their $231 million expansion project at their Heartland facility in the Vigo County Industrial Park.

It’s been a part of the industrial park since the late 90s and currently employees more than 200 people with an annual salary of at least $95,000.

Roberto Bohrer, operations manager for Steel Dynamics Heartland, LLC, said the expansion will benefit the community.

“We’re going to have 84 employees… With well paying jobs with their families. That’s a big improvement. But also we’re going to keep using Vigo County firms and services. We currently have more than 50 companies that we use at the plant,” he said.

The expansion will allow for 84 new jobs at the facility paying at least 80,000 dollars annually and create 500 additional construction jobs.

Steve Witt, president of the Terre Haute Economic Development Corporation, said it’ll boost the area’s economy.

“It’s a rising tide raises all boats situation. So we think this is going to lead to an even further investment and additional job creation because of this project. It’s opportunity that comes along very rarely,” Witt began. “I’ve been in this business over 30 years. So I can say these opportunities don’t come along very often at all.”

The expansion project is scheduled to be completed by Dec. 2022, if the tax abatement is approved. The county council will hold a preliminary vote on Aug. 10, with plans to make a final decision shortly after.

“I really hope that the Vigo County council can see benefit, not just the taxes. It’s going to be good for all of the community as it has been for the last 20 years with our current plan,” Bohrer concluded.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Trending Stories