What happened
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 Hiring shortfall, 1:37
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. Vote, 7:47
Who it affects
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.
The outcome
Approved unanimously by voice vote.
Sources
Also known as: CHI Overhead Doors tax abatement · CHI garage door company tax break · Resolution 11 2021 · overhead doors factory tax abatement