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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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