Sixty-seven new jobs will be coming to Elkhart within the next three years.
Elkhart-based Genesis products, a wood manufacturing business, is expanding.
Genesis plans to invest $4 million to renovate and equip its 114,500 square-foot facility at 1806 Conant Avenue in Elkhart. About $2.5 million of that will be a personal property investment for expansion, and $400,000 in property improvements will be made to the Conant Avenue property. The property on Conant Avenue has been vacant for some time.
According to city documents, there have been environmental issues with the building, and the current owner is working with the Indiana Department of Environmental Management to fix them. News Center 16 reached out to city officials to find out what the environmental issues were specifically, but did not receive an answer in time for the publication of this article.
The city council Monday night voted to approve a three-year phase-in of the new property taxes the company will pay on the amount it's investing in the expansion.
"It allows them to make the investment now, and then their taxes are phased in over the next three years, versus having to pay the full amount of taxes from Day One," said Barkley Garrett, the director of economic development for the city.
Genesis is already taking applications for new positions.
"We'll be bringing employees in to support the manufacturing once we get the machinery there, which will be in the next six to 12 months," said Jon Helmuth, president of Genesis Products.
The company will be relocating its corporate headquarters to the building on Conant Avenue. By 2016, the expansion is expected to bring about 100 jobs to Elkhart.