Company to get fifth abatement; latest expansion to add 25 jobs

GREENFIELD — Plans for expansion at one of Hancock County’s largest manufacturers are moving forward thanks to an incentive package from local officials that will strengthen the company’s ties to Greenfield.

Greenfield City Council on Wednesday approved a 10-year tax abatement on $15 million in personal property investment for Indiana Automotive Fasteners.

In exchange for a tax break of nearly $900,000 over 10 years, the auto parts manufacturer will invest in new equipment and add 25 jobs over the next three years, according to company spokespersons.

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