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Updated: Monday, 17 Sep 2012, 5:58 PM EDT
Published : Monday, 17 Sep 2012, 5:43 PM EDT

Jessie Hawila

LAFAYETTE, Ind. (WLFI) - Thanks to an economic revitalization initiative by the Tippecanoe County Council, an Indianapolis-based company is in the process of relocating in Lafayette.

An "Economic Revitalization Area" on Veterans Memorial Parkway near IU-Health Arnett Hospital will allow businesses to enjoy big tax breaks for developing their business on the real estate.

Copper Moon Coffee requested a 10-year, $500,000 tax abatement on the real estate and an $800,000 7-year abatement on manufacturing equipment.

The Tippecanoe County Council said these temporary tax breaks have a history of bringing business to the county.

"It's a great economic development tool to encourage new business to come into the area," Tippecanoe County Council President Roland Winger said. "This one I would call one very typical of those that have been successful for us in the past."

The final vote for approval will take place during the Tippecanoe County Council's Oct. 9 meeting.

The new business is expected to bring 15 jobs to the area.

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