IBJNews

Delphi to add 190 jobs in Kokomo

Back to TopCommentsE-mailPrintBookmark and Share

Delphi Corp. brought some good news to the beleaguered city of Kokomo on Friday, announcing plans open a production facility there, creating about 190 jobs by 2014.

The company, which supplies electronics for the automotive and commercial vehicle industries, said it will invest more than $59 million to lease and equip a 90,000-square-foot facility in Kokomo to make electronics products for electric cars.

Troy, Mich.-based Delphi already employs about 1,400 at its Electronics & Safety division in Kokomo. The company plans to begin hiring workers for the new facility in 2010.

Last week, Indianapolis-based Allison Transmission said it has entered a long-term agreement with Delphi, which will supply hybrid drive-system components and energy storage. The parts will be used in Allison’s products made for the city-transit bus and truck markets. Terms of the deal were not disclosed.

In August, Delphi won an $89.3 million grant from the U.S. Department of Energy to produce power electronics for electric vehicles.

The Indiana Economic Development Corp. offered Delphi up to $2.2 million in performance-based tax credits and up to $70,000 in training grants based on the company's job creation plans. The company is finalizing a property tax abatement application with the city of Kokomo.

"This was a highly competitive process, and we're very pleased that Delphi has chosen to invest and grow in our community," said Kokomo Mayor Greg Goodnight. "This decision demonstrates the strength of our workforce and the quality of our community. We look forward to assisting Delphi in any way we can, as we continue to build on the decades-long partnership between the company and the city of Kokomo."

Delphi's planned expansion follows information technology firm Zuna Infotech's October announcement that it will establish its headquarters at Kokomo's Inventrek Technology Park, creating up to 400 new jobs by 2012.

Manufacturing-heavy Kokomo has struggled in recent years as major employers—including Delphi and Chrysler Corp.—have laid off hundreds of workers there. In November, Howard County's unemployment rate stood at 12.1 percent, worse than the 9.6 percent statewide rate.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. This is still my favorite Mexican restaurant in town. What I do love about the new version is it is much quieter than the most recent version. TV's were off, the music wasn't too loud, and the wait staff were not hyperactive like they had been the past few times I had been there. I just wish they would bring back the MOLE for the enchiladas!

  2. Not a bad paper. There is a need for local community news and city government issues. Don't really need the owner's constant national political rants. We all know where they stand by now.

  3. What nice people. Menard should've known better than to team up with the guy who robbed and drove Conseco to ashes. I'm surprised Timothy Durham isn't involved in this.

  4. Hello, I am Maris Peters, currently living in Texas city, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in August 2014 and i needed to refinance and pay my bills. I tried seeking loans from various loan Companies both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $65,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm or company with reference to securing a loan without collateral , no credit check, no co signer with just 2% interest rate and better repayment plans and schedule, please contact Mr William David. He doesn’t know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: Davidloanfirm@yahoo.com

  5. It is beyond me how anyone can think this was a "bad deal" for the state! If they could take the money back then, yes, but they can't! Protections were built in the agreement. Now, if they roll the roads up and take them away, I will agree that it was a bad deal. Otherwise, the only way to have paid for the infrastructure that was badly needed was for the state to issue bonds....that is a four letter synonym for debt folks!!

ADVERTISEMENT