updated: 1/3/2013 7:51:38 AM
A pair of Indianapolis-based companies has received preliminary tax abatement approvals to aid growth plans. Sun King Brewing Co. is looking to add 20 workers and upgrade its facility as part of a $2.1 million proposal, while Hahn Systems LLC is planning to relocate its headquarters to an abandoned factory in the city and create around a dozen jobs.
Sun King currently employs nearly 40, while Hahn Systems' proposal would more than double its present number of workers.
Both received preliminary approval today for tax abatement from the Metropolitan Development Commission. Final approval could be decided January 16.
January 2, 2012
Excerpt from Sun King Brewing Co.'s preliminary abatement request:
Sun King Brewing Company is an award-winning craft beer microbrewery established in Indianapolis in 2008. The company operates a full-scale production brewery at 135 North College Avenue and is now the second-largest beer brewer in the State of Indiana. In order to grow its brand, Sun King has proposed the invest $2,100,000.00 in new manufacturing (brewing), logistics and IT equipment to expand operations. As a result of this investment, Sun King will be able to maintain its existing 35 person workforce and will create 20 new jobs by 2016.
January 2, 2012
Excerpt from Hahn Systems LLC's preliminary abatement request:
Hahn Systems, LLC is a wholesale distributor of industrial and construction supplies, in business since 1938. Hahn has operations in Elkhart and Fort Wayne in addition to the Indianapolis headquarters. Hahn is considering acquiring a vacant building at 6312 Southeastern Avenue to relocate its Indianapolis distribution facility and offices. The building sits on a 4.38-acre lot and is approximately 27,340 square feet in area. The Southeastern Avenue buildinng has been vacant for over three years. Prior to its vacancy, the building was utilized by a trucking company. As a result of the building's obsolesce, Hahn anticipates making significant improvements to modernize the building and make it suitable for their use, including improved fire protection and rehabilitation of the building's office space.
In order to prepare the facility for use as a contractor supply warehouse, Hahn Systems has proposed to invest $150,000 in improvements by the end of 2013. As a result of the project, the company will commit to the retention of its existing 8 person workforce, and will create eleven new positions by 2014.
Sources: Sun King Brewing Co., Hahn Systems LLC and the City of Indianapolis