The Noblesville Common Council introduced at its Nov. 27 meeting a plan that could help bring an electrical engineering company to the city.
Applied Intelligence Corp. is looking to move its headquarters from the southwest quadrant of 96th and I-69 to an 8.5-acre spot at the northwest corner of Pleasant Street and Union Chapel Road.
The move would create a new, $1 million, 12,000-square-foot headquarters and three new jobs. The company currently has 10 employs with an average annual income of more than $75,000. The three new jobs would have an average annual wage of $57,667, with benefits.
The city is helping attract Applied Intelligence Corp. to the city by way of a property tax abatement. The company is asking for a three-year tax phase in. If approved by the Noblesville Common Council, the company would receive an 80-percent tax credit in the first year, 60 percent the second year and 40 percent the final year.
Applied Intelligence Corp. was founded in 1985 by Gabe Effing and is a supplier of electrical enclosures and electrical control components.
The council will vote on the resolution at its next meeting, 7 p.m. Dec. 11 at Noblesville City Hall, 16 S. 10th St.. For more, visit cityofnoblesville.org.