TERRE HAUTE, Ind. (WTWO/WAWV) — The Terre Haute City Council unanimously approved a 10-year tax abatement at its meeting Thursday for a Hydrite Chemical expansion project.
The expansion will create 14 permanent full-time jobs for a combined total salary of $830,000.
Resolution No. 2 and Resolution No 3 were both approved by city council Thursday with unanimous votes Both resolutions reference rezoning the area of 2200 South 13th Street and 1260 Lockport Road in Terre Haute into an economic revitalization area for purposes of the abatement.
Resolution No. 2 will give Hydrite Chemical a $774,092 abatement over the 10 years. Resolution No. 3 will give the company a $1.023 million abatement over the same time period for additional work in the same area.
“We’ve been here since 1980 and we continue to grow a lot of our business growth for agriculture is moving east so its a perfect fit for us,” Brian Poehnelt, Executive Director of Engineering, said. “And, we have all the surrounding states, the agriculture is just growing so we’re in a perfect location.”
Company officials said the goal is to be operational by mid 2023.
