HANCOCK COUNTY — The Hancock County Council on Wednesday approved a tax break for BryBelly Holdings, a novelty product retailer currently based in Indianapolis.
Through the tax break, the company could save up to $1 million over a 10-year period. In that time, the company will still pay approximately $1.2 million in property taxes.
The company plans to build a $9 million, 200,000-square-foot building on a 26-acre property at county roads 200N and 700W.
Company co-founder Jeff Smith said he anticipates adding six jobs annually to the business’ workforce, which is currently comprised of 35 employees earning an average salary of $42,000.
Members of the council say gaining the company will help diversify the local workforce, much of which revolves around auto manufacturing.