Gateway Plastics expects to hire 200 for Tipp facility
The president Gateway Plastics, a Wisconsin company looking to locate a plastic food container and lid manufacturing plant off North Third Street told Tipp City leaders Monday, Dec. 5, the community has “a family-like feeling.”
Bill Vogel, president of the third-generation company located in the Milwaukee area, spoke briefly before the city council. The council voted unanimously to support the company’s request for an enterprise zone agreement with 12 years of 75 percent abatement in real property taxes.
“I have been up and down highway 75. I’ve looked at every city. Getting to Tipp and getting … that family-like feeling, you guys have it here,” Vogel said. “When you look at your reinvesting … We want to be part of your whole community.”
The city economic development committee in October recommended approval of the abatement agreement for a $30 million project that would include a $20 million facility along with a $10 million investment in machinery, equipment and fixtures.
As part of the project, the company proposes to build a 2,500-foot parallel rail line and add a spur line to the property at 725 N. Third St. near Regal Beloit.
In the abatement proposal, the company projects 200 jobs created at the business over a three-year period beginning in 2018. The jobs would pay $30,000 to $38,000 a year.
The tax abatement proposal was approved Nov. 28 by the Tipp City schools board of education. It is expected to go before the Miami County commissioners later next week.
State incentives for the project are being sought. The state rail commission recently approved a $150,000 grant for Gateway, said Brad Vath, assistant city manager and development director.
Vogel said Tipp City was selected over a site in Indiana. “We are very excited about Tipp City,” he said. “This area, the people, I think is really what really moved us over to here.”
City Manager Tim Eggleston told Vogel the city “is looking forward to working with you on this project.”
Later in the meeting, council members said they welcomed Gateway Plastics. “It seems like a very good match,” Councilman Matt Owen said.
In other business Monday, council authorized Eggleston to apply for a 0 percent loan from the Ohio Public Works Commission for a water tower to replace the aging Bowman Avenue tower. The loan request is for $2.2 million. The project estimated cost is $2.4 million. Eggleston pointed out the loan program is competitive.
Council also agreed to a memorandum of understanding with the Miami County Emergency Management Agency for services such as emergency management and hazardous situation mitigation.