IBJNews

  • Home

New IT firm to create 400 jobs in Kokomo

 IBJ Staff
October 28, 2009
Keywords
Economic Development, Economic Development Agencies, Economic Development Incentives, Government, Government & Economic Development, Headquarters Relocations, Indiana Economic Development Corp., Information Technology, Job Creation, Manufacturing & Technology, Regional News, State Government, Tax Abatements, Tech Companies, Tech Park, Technology, Terms
Back to TopCommentsE-mailPrint

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.

 


ADVERTISEMENT
  • Corporate Welfare?
    FrankMarch 10, 2010 12:10 AM
    Why don't the town fathers just give businesses a credit card, courtesy of the taxpayers, and spare us the money-laundering details?
    Reply to CommentFlag Comment

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.

ADVANCED SEARCH
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. something to take iman's mind off CART,,,the league itsownself doesn't do it

  2. Someone mentioned a green roof. Every designer of a new urban building should be required to at least explore the feasibility of a green roof. The ability to cut carbon dioxide, save precious rainwater (drought this summer??) and re-use grey water, cool the building cheaper, and improve the view for neighbors, should be, not only the good neighbor thing to do, it should be the responsible neighbor thing to do. Too bad the city didn't require it when they gave up downtown green space for the Simon Building. Surprised they aren't requiring it now.

  3. About the same means down, like the TV ratings.

    My favorite tradition that needs to be brought back is the 25/8 rule.

  4. Your stats are incorrect. The 85k Government employees working in Marion County includes all government workers in Marion county. That is state, federal, non profit agencies, city and county. The stats the article list is the number of employees for all of the city/county employees and it is correct. That number includes the library, airport, convention center, and so on. The policy of extending benefits to domestic partners is consistent with private sector companies of the same size. Isn't the mantra of most conservatives "run the government like a business."

    Also, too say the "fiscal proposil is huge" without considering the actuarial factors involved is a bit of an overstatement. We really don't know if it is huge or not. If all of the people added to the plan are healthy and don't have claims then it could bring cost done or hold them neutral.

  5. There are 85,346 government employees in Marion county according to Stats Indiana.

    My understanding is that this proposal covers not only same sex partners and children, but opposite same sex partners who are not married and any kids.

    It also covers all city and county employees, plus municipal corporations which use city/county benefits packages including Health and Hospital Corporation (Wishard), Indianapolis Airport Authority, Indianapolis Convention Center,Lucas Oil,Bankers Life, Indianapolis Marion County Library, and Indianapolis Public Transportation Corporation (IndyGo).

    Certainly Indianapolis Public Schools will also want more benefits also.

    The fiscal cost on this proposal is huge.

ADVERTISEMENT