{"id":24367,"date":"2025-02-24T14:22:34","date_gmt":"2025-02-24T19:22:34","guid":{"rendered":"https:\/\/wzbd.com\/?p=24367"},"modified":"2025-02-24T14:22:36","modified_gmt":"2025-02-24T19:22:36","slug":"hoosier-pattern-tax-abatements-approved","status":"publish","type":"post","link":"https:\/\/wzbd.com\/index.php\/2025\/02\/24\/hoosier-pattern-tax-abatements-approved\/","title":{"rendered":"Hoosier Pattern tax abatements approved"},"content":{"rendered":"\n

By BOB SHRALUKA<\/strong><\/p>\n\n\n\n

WZBD.com<\/em><\/p>\n\n\n\n

\u201cSo when did you start?\u201d Councilman Mat Dyer asked Keith Gerber, owner-operator of Hoosier Pattern during a recent city council meeting.<\/p>\n\n\n\n

\u201cIn 1997,\u201d Gerber replied.<\/p>\n\n\n\n

\u201cHow many employees were there?\u201d Dyer followed.<\/p>\n\n\n\n

\u201cThree \u2026 the three owners,\u201d Gerber replied, with a smile.<\/p>\n\n\n\n

\u201cDid you ever envision this kind of growth?\u201d Dyer continued.<\/p>\n\n\n\n

\u201cNo,\u201d Gerber said, again smiling. \u201cI’ve had a good group.\u201d<\/p>\n\n\n\n

That exchange, highlighting the remarkable growth of one of Decatur’s leading businesses, came after council had approved a pair of tax abatements for Hoosier Pattern.<\/p>\n\n\n\n

Gerber, now the sole owner of the company, began in a 3,500-square-foot building and today operates in a facility of 90,000 square feet on N,. 10th St.<\/p>\n\n\n\n

And those three employee-owners have grown to 57 full-time employees, with the expectations of soon adding five more.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At a previous meeting, Gerber explained how he had spent $1.7 million for a pair of new sand printers, boosting the company’s total numbers to seven, the first having been added in 2013.<\/p>\n\n\n\n

He said, too, that he thought the new additions would help land the business of \u201can aerospace customer.\u201d
Sand printers have certainly played a major role in the growth of Hoosier Pattern. Gerber said the firm has over 200 customers to whom it is supplying sand-printer products. \u201dIt’s 60% to 70% of my business,\u201d he remarked.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

At its latest meeting, council gave, through a declaratory resolution, approval to the tax abatements requested by Hoosier Pattern.<\/p>\n\n\n\n

Getting the okay were a 10-year abatement on a $363,000 real property investment and a five-year abatement on a $2.357 million personal property investment.<\/p>\n\n\n\n

With a 10-year abatement, no taxes are paid the first year, then a sliding scale kicks in: a 90% tax savings the second year, then 80% and so on through 10 years.<\/p>\n\n\n\n

For a five-year abatement, the increments are 20% each year.<\/p>\n\n\n\n

A sticking point over the abatement years requested that came up at the previous council meeting was easily resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"

By BOB SHRALUKA WZBD.com \u201cSo when did you start?\u201d Councilman Mat Dyer asked Keith Gerber, owner-operator of Hoosier<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[14,15,21],"class_list":["post-24367","post","type-post","status-publish","format-standard","hentry","category-news","tag-decatur","tag-featured","tag-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/24367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/comments?post=24367"}],"version-history":[{"count":1,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/24367\/revisions"}],"predecessor-version":[{"id":24370,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/posts\/24367\/revisions\/24370"}],"wp:attachment":[{"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/media?parent=24367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/categories?post=24367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wzbd.com\/index.php\/wp-json\/wp\/v2\/tags?post=24367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}