KENDALLVILLE — Reliable Production Machining and Welding was granted a five-year tax abatement Tuesday night by the Kendallville City Council for a $235,000 investment in new equipment.
The company, 301 W. Ohio St., will also add two employees to its current workforce of 133. The two new positions are expected to pay a total of $75,000.
According to a tax abatement application filed with the city, the investment includes a new computer numerical control lathe, computer equipment and warehouse racking.
The five-year abatement is projected to save Reliable a total of $8,386 in property taxes.
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