The Zionsville Town Council approved 4-0 Monday, June 2, a preliminary resolution authorizing a five-year tax abatement for Just Marketing Inc., a motor sports marketing and public relations firm based in Bennett Technology Park.

The council still must approve a final resolution before the abatement is enacted.

JMI is headquartered in a 16,000-square-foot building in Bennett Technology Park in Zionsville, and is looking to expand that property onto land it already owns adjacent to its headquarters, Just Marketing Director of Project Management and Development Leslie Wagner said. JMI, which employees 90 people, would invest $2 million to build the expansion and about $1.1 million in information technology.

If the town grants the abatement to JMI, the company would save $154,000 in real and personal property taxes over a five-year period, and bring in $365,000 in revenue over a 10-year period, with the abatement, she said.

The company’s expansion would bring 47 new professional jobs to Zionsville over a five-year period, Wagner said. The average salary would start at $54,000 and peak at $74,000 by 2012, she said. The company will be hiring information technology professionals, client services specialists and mobile marketing associates later this year.

Just Marketing was also considering expanding in North Carolina.

Zionsville Economic Redevelopment Commission member Dean Lerg said JMI is the right type of business and jobs for Zionsville. The tax abatement would help to keep a rapidly expanding business in Zionsville, he added.

Town Council member David Carr emphasized the tax abatement agreement includes a clause that would force JMI to pay back the tax abatement if the company leaves Zionsville.

This Week's Circulars