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Parts-maker to invest $365,000 in Fort Wayne move

BRC Rubber & Plastics Inc. plans to invest $365,000 as it moves its headquarters and research-and-design technical center from Churubusco to 1029 W. State Blvd., Fort Wayne.

The transition is expected to be completed before the end of the year.

The company is asking for a tax break on the project, which consists of $250,000 in real estate improvements on an existing 30,000-square-foot building, $75,000 in research-and-development equipment, and $40,000 in information technology equipment.

BRC designs, develops, tests, validates and manufactures rubber and plastic parts for customers including Ford, Chrysler and Nissan.

The move to Fort Wayne will bring 55 existing jobs with total payroll of more than $3 million.

State Street Tech LLC is listed as taxpayer on the property. It’s unclear what that group’s relationship is with BRC Rubber.

Fort Wayne economic development staff hopes to introduce tax abatement requests at the City Council’s Aug. 13 meeting. The company could save an estimated $45,897 if the requests are approved.

Full real estate-related taxes can be phased in during a 10-year period. Equipment-related taxes can be phased in during a five-year period.