Cummins Inc. has plans to spend $2.28 million this year in capital expenses as part of its ongoing growth and expansion of the Seymour Engine Plant and Seymour Technical Center on Fourth Street.
The Seymour City Council recently approved two tax abatements for the company, allowing Cummins to phase in paying taxes on the investment incrementally over the next 10 years.
The first abatement was for $1.09 million in real estate improvements for changes to office, production and test cell areas in the technical center. The second was for $1.19 million in new manufacturing equipment for assembly, painting and production.
Work on the project is expected to begin in mid-May and wrap up by the end of the year.
Although no new jobs are being created at this time, Jim Plump, executive director of Jackson County Industrial Development Corp., said this past year, Cummins did not project any new jobs as a result of investment but ended up hiring 107 workers.
The company currently employs 639 people, according to statement of benefits forms filed with the city last month.
“I think they need this equipment and this manufacturing space, and jobs are kind of uncertain at this time,” Plump said.
Since 2010, Cummins has invested a total of $281.34 million in its Seymour facilities.
Council President Jim Rebber said he appreciated Cummins being in Seymour and what the company has been able to do for the city.
Plant manager Darren Wildman said Cummins also is thankful for the city’s support.
“It’s been a good working relationship, and we want it to continue,” Wildman said.
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Cummins Inc.’s investment in Seymour since 2010
Personal property
Year;Investment
2010;$1,991,522
2011;$8,798,363
2012;$32,290,372
2013;$50,389,168
2014;$34,942,733
2015;$7,977,439
2016;$1,378,065
Total;$137,767,662
Real property
2010;$8,222,069
2011;$31,338,435
2012;$28,936,774
2013;$28,819,845
2014;$30,096,859
2015;$12,287,952
2016;$3,873,744
Total;$143,575,678
Jobs created
2010;46
2011;45
2012;41
2013;192
2014;80
2015;180
2016;107
Total;691
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