MUNCIE – A central Indiana county has pulled back on its financial support for a pair of companies whose promised factories and hundreds of jobs havent panned out.
The Delaware County commissioners Monday approved withdrawing $5 million of property tax support for Italian company Brevini Wind, which in 2009 announced plans for a 450-worker factory in Muncie that would build gearboxes for wind turbines.
Brevini now has about 70 workers in Muncie and will still receive $1.7 million in tax increment financing revenue, the Star Press reported.
County officials are allowing the other company, VAT Energies, to sell some unused wind-and-solar-powered streetlights that it expected to build in Muncie, which could bring the county up to $300,000. The county hopes to recoup $250,000 it paid for a wind vane that was to have been erected along Interstate 69 and was meant to brand Delaware County as a green manufacturing hub.
Its a hard lesson learned, county Commissioner Larry Bledsoe said about the agreements. This is the best that it gets, unfortunately.
Commissioners President Todd Donati acknowledged that the agreement with VAT meant that the 100 jobs promised by German businessman Oliver Viehweider would never materialize.
Brevini Wind officials hope to win contracts in other businesses in an effort to employ 250 people by the end of 2013 under an extension of the companys job-creation incentives with the county.