00;00;00;01 - 00;00;18;03
Stephanie Wiechmann
No one from Accutech attended Thursday's Muncie Redevelopment Commission meeting, but Muncie Mayor Dan Ridenour presented a request to give the company $ 1 million to support its expansion. That includes adding about 160 employees in the next three and a half years, bringing two more restaurants to downtown and absorbing the building next to its current location.

00;00;18;08 - 00;00;33;19
Dan Ridenour
The reason I'm asking for this incentive is I see a similar like return on the building and the property taxes, for the other building that that Accutech has purchased, which is right next door to theirs.

00;00;33;21 - 00;00;58;23
Stephanie Wiechmann
The wealth management software company announced plans to renovate downtown's former Sears building in 2019. This month, it opened a restaurant and digital sports venue on the first floor, and the mayor says Accutech now has 120 employees. Ridenour says its renovations have already added more than $ 1.8 million in taxable assessed value for its current building. But the request seemed too large for commission member Shareen Wagley, who also works as the mayor's executive assistant.

00;00;58;27 - 00;01;06;13
Stephanie Wiechmann
The original agreement called for $ 1.25 million, and the mayor asked for a million. On Thursday, Wagley proposed a different agreement.

00;01;06;16 - 00;01;27;07
Shareen Wagley
If we gave them less than the million say 750 and they could get go to like the revolving loan fund. I mean, I’m not on that board, but it sure sounds like that's a perfect fit for what that board does. And they would have to pay that back.

00;01;27;12 - 00;01;38;11
Stephanie Wiechmann
The commission voted 2 to 1 to give Accutech a smaller share of money, and encourage it to make an ask for $ 500,000 to the revolving loan fund. In Muncie, Stephanie Wiechmann, IPR news.