New IT firm to create 400 jobs in Kokomo

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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