Council lets CHI Overhead Doors keep its tax break despite falling short on new jobs
Who it touches: If you live in Vigo County, this matters because CHI Overhead Doors still isn't paying full property taxes on its expansion, and the abatement stays in place another year on the promise that more hires and a new production line are coming.
CHI Overhead Doors' CFO told council the company has invested $10.7 million in new machinery — more than the $9 million it originally promised — but has hired only 54 of the 130 new workers it committed to under its 2021 tax abatement. Investment total, 1:04 0:01:37 — open the recording, cued to 1 minute 37 seconds
Council voted to let the abatement continue for another year rather than start the process to cancel it, after the company said it's working to relocate a second manufacturing line to Terre Haute. 0:07:47 — open the recording, cued to 7 minutes 47 seconds
More from the record
- Investment and hiring update0:01:04 (1 minute 4 seconds)
Outcome
Approved unanimously by voice vote.
Approved unanimously by voice vote.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.