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Ryobi granted tax abatement for new project geared toward electric vehicles

Ryobi Die Casting Inc. is shifting focus to supplying parts for electric vehicles.

At Monday’s Shelbyville Common Council meeting, the council granted a tax abatement for Ryobi’s $7 million project that will include eight new lines in its Shelbyville facility and add as many as 21 new employees.

Ryobi produces transmission casings for automobiles but the new lines will create gearbox casings for electric vehicles that do not have transmissions.

The personal property tax abatement was unanimously approved.

In other council business Monday at City Hall:

  • Approved an amendment to the Riverfront District to establish a new boundary into downtown Shelbyville. The amendment extended the district from 1,500 feet to 3,000 feet south of the river flood plain limits. The new boundary now includes all of the Public Square.
  • Approved the annexation of the property at 2701 S. Miller St. to allow connection to the city’s sanitary system.
  • Approved the first reading of the redistricting of the council districts. The districts are restructured after every census. City attorney Jennifer Meltzer has worked on the project to make each district as close to 4,000 people as possible, according to Mayor Tom DeBaun.
  • Approved the 2023 contract for the city’s fire and police departments.

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