Hobart Board of Public Works and Safety Resolution 2024-07
Hobart Weighs Tax Abatement Deal With Daifuku
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Description
The City of Hobart is considering a Development Agreement with Daifuku Intralogistics America Corporation to support a major expansion of its manufacturing facility, including $27.4 million in construction and $11.23 million in equipment. The agreement provides 10‑year real and personal property tax abatements in exchange for investment, job retention, and job creation commitments.
Contract Details
Contract Amount
$27,394,357 construction cost; $11,230,000 equipment cost
Vendor
DAIFUKU INTRALOGISTICS AMERICA CORPORATION
Agency
City of Hobart, IN
Contract Type
OTHER
Document Date
August 7, 2024
Contract Term
Construction August 2024 – September 1, 2025; Equipment installation May 1, 2025 – December 31, 2026; Real and personal property tax abatement schedules for 10 years
Renewal Date
2036-12-31
Renewal Info
Development Agreement includes 10‑year real property and 10‑year personal property tax abatement schedules with declining deductions; no explicit renewal or extension terms for the abatements are described.
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