BAE Systems to seek abatement for $8 million project
The Fort Wayne City Council will soon consider a tax abatement request from BAE Systems for an $8 million project.
According to the abatement application, which will be introduced Tuesday, the project will retain 833 full-time permanent jobs, with an average annual salary of $57,954. It does not appear the project will create any new jobs.
Documents filed with the City Council indicate BAE plans to install new manufacturing equipment covered under the 10-year tax abatement outline.
For more on this story, see Saturday’s print edition of The Journal Gazette or visit www.journalgazette.net after 1 a.m. Saturday.