The Reno County Commission on Tuesday approved granting incentives to an Ohio company that makes small engines which run off LPG and natural gas, which is planning to set up an assembly and distribution shop in the former Bett’s Bakery at Third Avenue and Poplar Street.
The company, eNGines-LPG, will be paid up to $63,000 over five years if it creates a projected 56 jobs within that time which pay a minimum $15 per hour, County Administrator Gary Meagher advised the county commission.
The family-owned company plans to create up to 10 jobs its first year, garnering up to $8,000 in incentives, Meagher said.
Another 15 jobs are projected in year two, and 14 in year three, earning the company $13,500 each of those years. The final 17 jobs would be added by year four, for another $17,500.
If it creates all the jobs as projected, the company will earn a 20 percent bonus, or if only half the jobs, an extra 10 percent, Meagher said.
(Read more: News – The Hutchinson News)