29 February 2024
NEWTON, Kan. (KSNW) — Two businesses got the go-ahead Tuesday evening on building plans that will result in more workers.
The Newton City Commission approved development agreements for CD Custom Enterprises and Air Capitol Investments.
CD Custom Enterprises
CD Custom Enterprises wants to build a new 50,000-square-foot manufacturing facility for its high-production industrial metal operation.
The Newton company was founded in 2012. CEO Alan Carsten says it has seen continuous growth since then.
Within five years of the expansion, the company expects to add 20 full-time employees to the company’s current 45 employees. The average salary is $51,439.
“We are very, very conservative in our estimates on employment,” Carsten said. “And the employment we’re looking at adding will potentially be higher-paid jobs due to the fact that with automation, we need skilled, highly trained people.”
He says construction should begin within six months and be finished in 18 months.
The new building will be close to CD Custom’s location on Southeast Ninth Street in the Newton Industrial Park.
The planned capital investment is just over $6 million. The City of Newton intends to grant the company a 10-year, 100% property tax abatement and facilitate the issuance of industrial revenue bonds, including a sales tax exemption for construction materials and equipment.
The city says it has no liability or cost associated with the IRBs.
Air Capitol Investments
Air Capitol Investments plans to build a new 38,000-square-foot warehouse and logistics facility on Industrial Road in the Newton Industrial Park.
The building would be leased for storage or manufacturing. The developer, Lou Robelli, has built several large-scale distribution warehouses along Interstate 135 in Park City.
He says this one would create approximately 28 new full-time jobs over the first five years. The average salary would be $33,000.
The cost of the new facility is expected to be around $3.5 million. This development agreement also includes Newton’s intent to grant a 10-year, 100% property tax abatement and issue IRBs, including a sales tax exemption for construction materials and equipment.