Brazeway Indiana, Inc. will receive a 10-year tax abatement on a $1.2 million purchase and installation project at its Shelbyville facility.
The abatement was approved Monday at the City of Shelbyville’s Common Council meeting at City Hall.
In business for 67 years, Brazeway is one of Shelbyville’s oldest manufacturing facilities. The company, located at 1109 Lincoln St., develops and produces aluminum extrusion and heat transfer components parts for the automotive industry, HVAC applications and for commercial refrigeration units.
The $1,233,000 project includes the installation of a system to produce nitrogen gas for use in Brazeway’s manufacturing processes along with a back-up electrical generator to ensure uninterrupted power.
The project is expected to be completed in the second quarter of 2024. No new employees will be added with the project. Brazeway currently has 87 employees with a total payroll of $5,514,260.
In other council business Monday:
- Approved the salary structure for two new positions – Community Project Manager (part-time position at $1,442.30 bi-weekly paid for by a grant) and Director of Public Relations for the city at $62,000-$65,000 annually.
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