All Points Tool receives tax abatement from City of Plymouth

The Plymouth City Council approved a personal property tax abatement for All Points Tool & Manufacturing at their regular Common Council meeting Monday, Mar. 24. All Points Tool & Manufacturing is a locally owned machining company that is located at 2743 Pioneer Drive, Plymouth.

The personal property tax abatement is for an estimated capital investment of over $400,000. This investment is for two pieces of automated equipment that will increase the productivity of the organization. All Points President, Krisha Senetar, spoke during the public hearing portion of the meeting about the need to hire an individual to be able to program the new equipment to do lights out manufacturing. “Our next challenge is to hire someone that can program the equipment to be able to utilize the increased productivity,” said Senetar.

Senetar, whose family founded the company, has been making improvements to better to serve the community and keep up with demand while staying competitive. This is a step in that direction. “All Points Tool & Manufacturing have been a great part of the local industrial base with an excellent reputation for quality and accurate work,” said Greg Hildebrand, President/CEO of Marshall County Economic Development. “This investment to increase the productivity for production will give the organization more flexibility to meet customer demand.”

The Common Council approved the tax abatement unanimously. The tax abatement is a seven-year phase in the additional personal property assessed value.  This investment is expected to create one additional job and $70,000 wages.

All Points Tool & Machining received a Manufacturing Readiness Grant from Conexus. This grant helps industry in Indiana to automate the workflow to increase productivity and wages in manufacturing. The South Bend – Elkhart Region that includes Marshall County is the leading region in receiving these grants.

All Points Tool & Machining was founded 25 years ago by Senetar’s late father at their present location on Pioneer Drive.