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11/28/2018 6:13:00 PM
Fort Wayne approves $12.5 million tax abatement for Sweetwater Sound expansion

Dave Gong, Journal Gazette

In a 7-2 vote Tuesday, the Fort Wayne City Council approved a $12.5 million tax abatement for Sweetwater Sound's expansion project on U.S. 30. 

The abatement phases in business personal and real property taxes over 10 years for the $82 million development, which straddles the Fort Wayne-Allen County line. Plans for the project call for the addition of 1,009 new jobs with a total annual payroll of about $56 million.

The tax break will save the company about $12.5 million over 10 years.

A large portion of those jobs are expected to be from outside Allen County, Sweetwater founder Chuck Surack told the council. Sweetwater is the largest online retailer of musical instruments and equipment in the United States, Surack added.

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