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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. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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