EDITOR’S NOTE: This web article has been updated to reflect the correct budget amount at $110,986,219.
TERRE HAUTE, Ind. (WTWO/WAWV) — The Terre Haute City Council approved a 10-year tax abatement request from CHI Overhead Doors at its meeting Thursday night. The council also approved the city’s 2022 budget of over $110 million.
The company wants to purchase a facility at 1440 Savannah Avenue in order to expand its manufacturing operations in Terre Haute. CHI Overhead Doors says the project would create 130 jobs with an average annual salary of $43,680.
“That’s more money in our economy, more people that could make a good living doing that,” city council member Earl Elliot said. “They’ll spend with other businesses and you know the economic effect adds up,”.
The Terre Haute council also approved the 2022 operating budget of nearly $111 million. This will be the seventh straight year of a balanced budget.
Mayor Duke Bennett said with this budget being approved, residents will start to see infrastructure work, park developments and investing back into the community.
“Excited that this step is out of the way, you know it takes us several months to go through this budget process, but I feel really good tonight and I got great feedback from the council,” Bennett said. “We’re just, our goal is to keep moving Terre Haute forward and our budget is gonna allow us to do that.”