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JANESVILLE CLOSURE PROMPTS CLAWBACK DISCUSSIONS

(Richmond, IN)--The announced closure of Janesville Acousitcs in Richmond over the weekend has local leaders discussing a way to recoup money lost to tax abatements.  Janesville’s closure will result in the loss of 67 local jobs beginning in mid-February.  Richmond Common Council member Jamie Lopeman said that the citizens of the city lost on the agreement in which more than $9 million in tax abatements were granted for the creation of 87 new jobs three years ago.  The local company supported a single brand of vehicle which has had declining production in the last year.

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