OTHERAPPROVED

Marion Advances Tax Abatement Deal With Prysmian

The City of Marion previously approved an Economic Development Agreement with Prysmian Cables and Systems USA, LLC, under which the company will invest $25 million in new manufacturing equipment at its Marion headquarters. In exchange, the City plans to designate the site as an economic revitalization area and grant a ten-year, 75% personal property tax abatement on the new equipment, with final confirmatory action pending.

Status
APPROVED
Document date
July 6, 2026
Contract type
OTHER
Vendor
Prysmian Cables & Systems Usa Llc
Agency
City of Marion · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$25,000,000 (capital investment commitment)
Contract type
OTHER
Contract term
Ten (10)-year personal property tax abatement
Renewal
Ten-year personal property tax abatement at 75% on new equipment taxes as part of an economic development agreement; no renewals specified.
Document type
Agenda
Source document
City of Marion Common Council Agenda 2026-07-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Marion?

Prysmian Cables & Systems Usa Llc was awarded this government contract by City of Marion, as recorded on July 6, 2026. The contract value is $25,000,000 (capital investment commitment).

How much is the Prysmian Cables & Systems Usa Llc contract with City of Marion worth?

The Prysmian Cables & Systems Usa Llc contract with City of Marion is valued at $25,000,000 (capital investment commitment).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Marion Common Council Agenda 2026-07-07 (Agenda), dated July 6, 2026 from City of Marion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prysmian Cables & Systems Usa Llc hold?

Prysmian Cables & Systems Usa Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Marion currently buying?

Explore City of Marion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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