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Monroe considers over $1M in incentives for auto parts supplier

Monroe is considering several incentives for an auto parts supplier that wants to expand.

UGN Inc., which opened a plant in Monroe about three years ago, is deciding whether it will bring 100 more manufacturing employees and around $6 million in payroll to the city or to Valparaiso, Ind., as previously reported by this news outlet.

PHOTO GALLERY: Tour UGN’s auto parts plant in Monroe

Monroe is considering these local incentives:

  • A 50 percent corporate net profits rebate for eight years. Officials estimate that value at more than $1 million.
  • Waiving the city’s portion of building permit fees associated with the expansion. Officials estimate that value at $16,000.
  • Extending a water incentive in the form of a lower water rate for 7½ years. Officials are recommending extending that water incentive for 2.5 years to bring it to a full 10 years. The value is estimated at $50,000.

Auto parts supplier UGN Inc. opened its Monroe plant at Park North industrial park in 2015. UGN supplies acoustic treatments, carpets and other items to Honda, Toyota and Subaru.

Staff photo by Nick Graham

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UGN makes acoustic, interior trim, and thermal management products, and it is based near Chicago and has seven locations. It built its $50 million, 232,000-square-foot Monroe operation in 2015 and has hired about 280.

City Council will meet at 6:30 p.m. today to hear the second reading of legislation that would provide the local incentives.

UGN makes acoustic, interior trim, and thermal management products, and it is based near Chicago and has seven locations. It built its $50 million, 232,000-square-foot Monroe operation in 2015 and has hired about 280. (Staff photo by Nick Graham)

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