A manufacturing company planning to relocate and expand in Greenwood will receive a $2 million tax break from the city.
Wurth Service Supply will build a 230,000-square-foot building in the Southpoint Business Park near Interstate 65.
The move will bring 100 employees from its current location on the north side of Indianapolis, and it plans to add another 60 employees during the next five years.
Wurth Service Supply will invest $21.4 million in the building and equipment, and in return asked the city to forgive a portion of its property taxes over the next decade. The company will pay nearly $2 million in taxes over that time period.
The city council approved the tax break 7-1. Council member Bruce Armstrong voted against the tax break. Council member Ezra Hill was absent.
The tax break has also received approval from the redevelopment commission.
Construction on the new facility is expected to be complete by the end of 2017.