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Japanese auto parts maker adding 50 jobs in Franklin

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A Japanese auto parts maker plans to establish its North American headquarters in Franklin, moving some of its operations from Illinois and adding 50 jobs over the next three years.

KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County. The company makes shocks and struts for automakers and after-market uses.

The size of its current local work force was not immediately available.

Indiana Economic Development Corp. offered KYB Manufacturing as much as $300,000 in performance-based tax credits and up to $90,000 in training grants based on its job-creation plans.

Up to $50,000 from the state's Industrial Development Grant Fund will be made available to the city of Franklin for off-site infrastructure improvements. City officials also will ask the Franklin Redevelopment Commission to create a tax increment financing district that includes the property.

A subsidiary of Tokyo-based KYB Corp., the company plans to begin hiring manufacturing, warehouse and administrative associates this year. Next month, the central Indiana operation will be renamed KYB Americas Corp.

 

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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