Marion Common Council Agenda 2026-06-16
Proxima Cables Granted $250 Million Equipment Abatement
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Description
The Marion City Council approved an Economic Development Agreement with Proxima Cables and Systems USA, LLC worth at least $250 million for new manufacturing equipment, including a 10-year, 75% personal property tax abatement. The agreement establishes the site as an economic revitalization area.
Contract Details
Contract Amount
Not less than $250,000,000
Vendor
PROXIMA CABLES AND SYSTEMS USA LLC
Agency
Town of Marion, IN
Contract Type
EQUIPMENT
Document Date
June 16, 2026
Contract Term
ten (10) year personal property tax abatement
Renewal Date
2036-06-02
Renewal Info
Ten-year abatement term; no auto-renewal specified.
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