Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Incentives Approved for Terre Haute Tire Recycling Plant

Friday, April 15, 2022 11:39 AM EDT
By Alex Brown

The Terre Haute City Council has approved two tax abatements for a Colorado company setting up shop in the city. Bolder Industries Inc. is investing $40 million to establish a used tire recycling operation at the former Pyrolyx USA facility.

Our partners at WTHI-TV report the council approved both a personal and property tax abatement for the project, each of which will last for 10 years.

Bolder Industries detailed plans for the project in December. Original plans called for up to 40 new jobs by the time the plant is operational in 2023. However, WTHI reports that number could rise to up to 60.

“With everything we have going on in our community, I think people are starting to realize and see Terre Haute and that’s what I’m excited for,” Council President Cheryl Loudermilk said.

Bolder takes end-of-life tires and converts them into sustainable raw materials used by the rubber, plastic and petrochemical industries. As part of its recovery process, 98% of the tire’s materials are utilized and 75% of the solids and liquids make their way back into new tires, manufactured rubber goods, and plastics.

The company plans to begin work on retrofitting the facility for its use this summer.

Story Continues Below

Most Popular Stories

  • PRI Trade Show to kick off with bigger focus on EVs, esports

  • Purdue wins $32.5M in patent-infringement lawsuit

  • Indianapolis bank grants $15M for affordable housing

  • More than ever, we need strong, diverse community financial institutions

  • Historic Marion train depot getting new life from quilting group

  • GrandView development in Granger expanding again

Perspectives

More than ever, we need strong, diverse community financial institutions

More than ever, we need strong, diverse community financial institutions

For almost a century, credit unions have been an integral part of the American financial landscape. During the Great Depression, as the U.S. financial system was faltering, people came together around the concept of cooperative community finance as an alternative solution. What resulted was an entirely different approach to consumer and business banking that operates in peaceful parallel with conventional banks of all sizes....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service