SEYMOUR, Ind. — The Seymour Common Council has approved a 10-year tax abatement for O&K America Corporation to support a major capital investment at its facility at 1625 A.W. Batey Drive in the Eastside Industrial Park.
The company plans to invest nearly $9 million in its Seymour operations, including $637,000 in real property improvements and more than $8.3 million in manufacturing, IT, and logistics equipment for personal property.
The expansion will allow O&K America to retain its current 74 associates and create five new full-time positions generating an estimated $250,000 in additional annual salaries.
The local investment will enable the plant to process wire rod locally from scratch rather than importing materials from Japan. Despite the abatement, O&K America is projected to pay over $500,000 in local property taxes on the new investment over the next 10 years.
Work on the project is scheduled to begin in mid-October, with full completion expected by the end of 2027.
Columbus approves affordable housing agreement with Gene B. Glick Company
City orders condemnation, demolition for neglected Sycamore Street residence
Columbus expands downtown social district boundaries to include Inn at Irwin Gardens
Ivy Tech Columbus hosts 'spooky' canned food drive for student food pantry
North Vernon man arrested after alleged breaking and entering