Terre Haute Council Sets Hearing With Sony DADC Reps

Posted: Updated:
(photo courtesy WTHI-TV) (photo courtesy WTHI-TV)
TERRE HAUTE -

The Terre Haute City Council has scheduled a hearing with representatives from Sony DADC regarding the company's tax incentives. Our partners at WTHI-TV report the hearing is related to layoffs the company announced in January.

The council says when companies receive tax abatements, they must file what is known as a CF1 form to notify public officials when changes to any job creation or salary plans are made. The station reports Sony DADC did not file that form when the layoffs occurred, making the company non-compliant. 

Sony said earlier this year it would lay off 375 employees because of a decision to outsource the music and video manufacturing operations at the Terre Haute facility. About 300 employees will work at the facility.

WTHI says Sony DADC has multiple tax abatements that are set to expire in the next three to six years. The council hearing is scheduled for July 12.

  • Perspectives

    • Want Your Startup to Move Faster? Use Two Military Strategies

      Speed is everything at a startup. So is discipline. By that, I mean the discipline to stay focused on the most important objectives, to do the late nights and early mornings when we don’t want to do them, and to see the results of our work as objectively as possible. It’s not easy, especially when speed and discipline often seem at odds. We think about this a lot here at Powderkeg. How do we move as fast as possible while remaining as disciplined as possible? We recently...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Infosys Hub to 'Reskill' Workforce

      India-based Infosys, which today broke ground on a $35 million U.S. Education Center in Indianapolis, says the campus is focused on preparing the American workforce for the technology jobs of the future. "Continuous learning and reskilling are core components of Infosys' DNA," said Chief Operating Officer UB Pravin, adding the company will use the facility on the former Indianapolis International Airport terminal site to train 10,000 new American hires.

    • 'Proven Leaders' to Head New Two-Year College

      Marian University has named Jeffrey Jourdan executive director of Saint Joseph's College of Marian University - Indianapolis, its new two-year institution. Michael Nichols will serve as associate director and dean of SJC@MU. In October, Marian and Saint Joseph's College in Rensselaer detailed a partnership to launch the school near Marian's Indianapolis campus. St. Joe suspended operations in 2017 after massive debt responsibilities forced the school into an attempted rebirth.

    • Renovations Coming to Edinburgh Premium Outlets

      Renovations are coming to Edinburgh Premium Outlets as plans have been announced by Indianapolis-based Simon Property Group Inc. (NYSE: SPG). Construction is set to begin this fall. The multi-million dollar plans include an archway sign, two new courts visible from I-65 on the east side of the property and a food truck plaza on the southwest corner.

    • Crouch, OCRA to Detail Program For Small Businesses

      State officials will Monday announce a new program they say will benefit small businesses throughout the state. The Indiana Office of Community and Rural Affairs says the program will help Main Street organizations in Indiana retain small businesses and entrepreneurs.

    • Senators Tim Lanane (left) and Eddie Melton outlined the caucus' agenda Friday.

      Teacher Pay, Medical Marijuana Among Senate Dems' Focus

      The Indiana Senate Democratic Caucus has unveiled its legislative agenda for the 2019 General Assembly. Senate Minority Leader Tim Lanane (D-25) says the caucus will be focused on three main priorities: raising teacher salaries, protecting coverage for pre-existing conditions and legalizing medical marijuana. The caucus says it will also continue to push for a statewide hate crimes law, as well as legislation to stop gerrymandering. Lanane announced the caucus' priorities Friday...