Tax break approved for Powder Metal Technicians

A Franklin city board approved a tax break for a company that focuses on manufacturing automation processes.

Powder Metal Technicians is planning to relocate from its facility in Indianapolis to a new building in Franklin, bringing 15 jobs, including four new jobs and 11 existing jobs.

The company asked for a seven-year tax break on its $1.3 million investment into a new 14,000-square-foot production facility on Graham Road, which could be expanded in the future. This week, members of the city economic development commission approved that request. The request now goes to the city council.

The company, which rebuilds powder metal machine presses, installs new electronic controls and builds robotics for automation processes, also asked for a $40,000 grant for moving expenses from the Franklin Redevelopment Commission.

The jobs would pay between $18 and $25 per hour, not including benefits, which is the type of jobs Franklin needs, Mayor Steve Barnett said.

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Annie Goeller is managing editor of the Daily Journal. She can be reached at agoeller@dailyjournal.net or 317-736-2718.