PLYMOUTH — The Plymouth City Council approved a personal property tax abatement for All Points Tool & Manufacturing at their regular Common Council meeting on Monday.
The abatement is for an estimated capital investment of over $400,000 for two pieces of automated equipment that will increase the organization’s productivity.
“Our next challenge is to hire someone that can program the equipment to be able to utilize the increased productivity,” said Senetar.
Senetar, whose family founded the company, has been making improvements to better serve the community and keep up with demand while staying competitive. She feels this is a step in that direction.
“All Points Tool & Manufacturing have been a great part of the local industrial base with an excellent reputation for quality and accurate work,” said Greg Hildebrand, President/CEO of Marshall County Economic Development. “This investment to increase the productivity for production will give the organization more flexibility to meet customer demand.”
The Common Council approved the tax abatement unanimously with a seven-year phase-in. The investment is expected to create one additional job and $70,000 in wages.
All Points Tool & Machining received a Manufacturing Readiness Grant from Conexus. This grant helps industry in Indiana to automate the workflow to increase productivity and wages in manufacturing. The South Bend – Elkhart Region, which includes Marshall County, is the leading region in receiving these grants.
All Points Tool & Machining was founded 25 years ago by Senetar’s late father at their present location on Pioneer Drive.
