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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. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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