Mike McCracken sold his company, IVC Industrial Coatings, several years ago to PPG — which still makes powder coatings in a building east of Great Dane.

Now, McCracken says he is “on the last step” to starting a new powder coatings company called Indiana Powder Coatings, Inc., in the former Eutectic plant off Tower Road on Brazil’s east side.

As a result, 20 new jobs will be coming to Brazil through McCracken’s $12 million investment.

“Powder coatings are very expensive to get into,” he said.

When Indiana Powder Coatings Inc. starts up in early January, McCracken plans to have 20 full time/part time employees on board.

Trucks will have to be able to reach the plant.

“That’s up to the county,” McCracken said. “They’re talking about putting in a road some place. That’s entirely up to them. As long as we have truck access, we’re happy.”

At its April meeting, the Brazil City Council passed on first reading tax abatement for 10 years on real and personal property taxes. Those taxes will be abated on a sliding scale over 10 years. The first year, McCracken’s company will pay 10 percent of the taxes and by the end of the 10 years it will pay 100 percent.

Real tax concerns real estate and personal property tax is on property owned by the company, such as equipment.

The tax abatement will receive final approval after about a month, when time is given for public comment.

The City Council also granted McCracken’s company a temporary exception to city truck routes until the county can build an access road.
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