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New IT firm to create 400 jobs in Kokomo

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A new information technology firm plans to launch operations in Kokomo, creating 400 jobs by 2012, the Indiana Economic Development Corp. announced Wednesday morning.

Zuna Infotech will locate in Kokomo's Inventrek Technology Park, a high-tech business incubator and state-certified technology park.

The company's founding partners, Anju Bajaj and Jim Harter, tout a business model that focuses on providing technology functions and business services often outsourced to other countries.  The company plans to provide services in product engineering, IT and research with a focus on security, health care and technical support.

The IEDC offered Zuna Infotech up to $1.16 million in performance-based tax credits and up to $145,000 in training grants based on the company's job-creation plans. Kokomo and Howard County will provide local incentives totaling more than $500,000, including training grants for new employees, tax incentives and relocation support.

 

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  • this hasn't happened
    the return on investment here hasn't happened once again, overvalued IT is invested in with tax money and tax deferrals, etc., training grants, how many U.S./Indiana citizen jobs have been created, not contract jobs, created jobs that are permanent
  • CA CHING
    Wow are falling all over ourselves giving OUR TAX MONEY to the wealthy. I like Franks Credit card sceme
  • Corporate Welfare?
    Why don't the town fathers just give businesses a credit card, courtesy of the taxpayers, and spare us the money-laundering details?

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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