By Alex Brown
Inside Indiana Business
TERRE HAUTE – Fort Wayne-based Steel Dynamics Inc. is planning a $230 million expansion at its Terre Haute facility. The company says it will add nearly 400,000-square-feet of space to the Heartland facility in the Vigo County Industrial Park and create more than 80 jobs.
The addition would house new galvanizing and paint lines, and the Terre Haute Economic Development Corp. says the new jobs would come with an average annual wage of $80,000, excluding benefits.
Steel Dynamics is requesting a 10-year, 100% tax abatement for the project. Terre Haute EDC President Steve Witt tells our partners at WTHI-TV if the abatement is approved, it would be a first.
In a letter to the Vigo County Council, Witt said the project would help attract other companies to the community.
The abatement request will be on the agenda for the Vigo County Council’s meeting next Tuesday, but no action will be taken. Witt says a preliminary vote could be taken at the council’s business meeting on August 10, with a final vote in September.