A proposed $185,000 investment would create three jobs at a New Haven tool and die shop.
Glaze Tool and Engineering, 1610 Summit St., currently employs 23 people with average salaries of about $51,750. But the new manufacturing equipment would allow the 38-year-old company to add three more workers: two machinists earning about $35,000 annually and a tool and die employee paid about $65,000, according to a tax abatement application filed with the Allen County Department of Planning Services.
Abatements temporarily reduce the taxes paid on new buildings and equipment. If County Council approves the request next month, the company's taxes would be lowered $7,000 over five years.
Glaze produces products for the automotive, food, medical, heavy equipment and other industries, and also designs and builds special machines. It had about $2.5 million in sales last year.
The new equipment is expected to be installed by November, with the new employees in place by next June.
Source: http://indianapropertytaxreporter.blogspot.com/2012/09/glaze-tool-and-engineering-seeks.html
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