OTHERAPPROVED

Tax Abatement Approved For Nix Companies Expansion

Posey County Council approved ordinance 2021-02-09-02 granting Nix Companies a 7-year real property tax abatement and a 5-year personal property tax abatement to support $1.6 million in building renovations and $1,030,000 in equipment investments. The expansion is expected to add 25 jobs and relocate coating production and headquarters within Posey County.

Document date · February 11, 2021

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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
$1,600,000.00 in building renovations and $1,030,000.00 in equipment investment
Contract type
OTHER
Contract term
7-year real property abatement; 5-year personal property abatement
Renewal
Real property abatement runs for seven years with declining percentage relief; personal property abatement runs for five years with declining percentage relief. Any extension or modification would require future council action.
Document type
Meeting Minutes
Source document
posey-county-meeting-minutes-2021-02-11_6a8.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Posey County?

Nix Companies was awarded this government contract by Posey County, as recorded on February 11, 2021. The contract value is $1,600,000.00 in building renovations and $1,030,000.00 in equipment investment.

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

The Nix Companies contract with Posey County is valued at $1,600,000.00 in building renovations and $1,030,000.00 in equipment investment.

What type of contract is this?

This is a government contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in posey-county-meeting-minutes-2021-02-11_6a8.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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