County Council approves tax abatements for projects adding 15 jobs

RICHMOND, Ind. — Two expanding Wayne County businesses plan to add 15 employees.

Those businesses, Taconic Biosciences and ITD Engineering, received unanimous Wayne County Council approval Wednesday for tax abatements. A tax abatement provides real estate or personal property tax relief on new investments through a 10-year period. The relief begins at 100% the first year and decreases by 10 percentage points each subsequent year.

Taconic, which designs and produces laboratory mice and rats at its Cambridge City facility, is constructing a new building and working on infrastructure and improvements to existing buildings, said Terry Receveur, a Taconic director of project management.

“We’ve had wonderful community support here in Wayne County,” said Receveur, whose company has been in Wayne County 17 years.

The Cambridge City facility serves as a hub for a weekly West Coast delivery route, Receveur said. The expansion results from development of a second West Coast route.

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