FINANCIAL_SERVICESAPPROVED

Posey County Awards Financial Services Contract to Nix Companies (February 2021)

Posey County Council approved ordinance 2021-02-09-02 granting Nix Companies a 7-year real property and 5-year personal property tax abatement for a major expansion project. The investment totals $1.6 million in building renovations and $1,030,000 in equipment to expand manufacturing operations and relocate headquarters.

Document date · February 11, 2021

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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
$1,600,000 in building renovations and $1,030,000 in equipment investment
Contract type
FINANCIAL_SERVICES
Contract term
7-year real property abatement; 5-year personal property abatement starting with 2022 equipment
Renewal
Seven-year phased real property abatement (100%, 85%, 71%, 57%, 43%, 29%, 15%) and five-year phased personal property abatement (100%, 80%, 60%, 40%, 20%); no explicit renewal options stated.
Document type
Meeting Minutes
Source document
posey-county-meeting-minutes-2021-02-11_982.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Posey County?

Nix Companies was awarded this financial services contract by Posey County, as recorded on February 11, 2021. The contract value is $1,600,000 in building renovations and $1,030,000 in equipment investment.

How much is the Nix Companies contract with Posey County worth?

The Nix Companies contract with Posey County is valued at $1,600,000 in building renovations and $1,030,000 in equipment investment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in posey-county-meeting-minutes-2021-02-11_982.pdf (Meeting Minutes), dated February 11, 2021 from Posey County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nix Companies hold?

Nix Companies may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Nix Companies's profile

What is Posey County currently buying?

Explore Posey County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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