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Chrysler plans 400 more jobs, $212M expansion in Kokomo

Dan Human
December 17, 2012
Keywords
Auto Industry, Automakers, Chrysler, Economic Development, Economic Development Incentives, Factories, Job Creation, Manufacturers, Manufacturing & Technology, Tax Abatements
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Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.

The Kokomo Common Council  on Monday night approved a property tax abatement for Chrysler in hopes of luring the investment.

Chrysler last week confirmed it was seeking the tax incentives but hadn't provided details.

Earlier in the day, the Auburn Hills, Mich.-based automaker said it planned to spend $162 million to open a transmission plant in nearby Tipton that will employ up to 850 people.

The Tipton County Board of Commissioners on Monday approved a 10-year tax abatement worth $2.5 million to help the company launch production in an existing, nearly 800,000-square-foot plant at U.S. 31 and State Road 28, about 25 miles north of Carmel.

The automaker emphasized on Monday that plans for the projects are not yet final. Executives continue to negotiate building purchases, among other crucial steps.
 
The company has three existing transmission plants and a casting plant in Kokomo. The four plants already employ more than 5,000 people.
 
Combined with the introduction of eight-speed transmissions the company is putting in certain Chrysler 300s and Dodge Chargers, Chrysler has invested about $1.3 billion in Kokomo since emerging from bankruptcy in 2009.

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  • Employment opportunities
    Mandy ChesserMarch 9, 2013 7:18 AM
    What is the website to apply for future opportunities at the Chrysler plant in Tipton, IN????
    Reply to CommentFlag Comment
  • Thanks Mitch
    Betr'nuDecember 18, 2012 3:51 PM
    RTW at work - oops they were already here. It must've been DST.
    Reply to CommentFlag Comment

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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