Delphi Automotive System LLC is seeking a $50 million tax break for new equipment at its Kokomo facility that will create 118 jobs.
The company intends to retain 72 jobs with a total annual salary of $6.75 million and the creation of 118 positions with a total annual salary of $7.53 million. The average salary for the retained jobs is $93,750 and the new positions will average $63,800, according to documents provided to council members.
The abatement is for power electronics equipment, surface mount equipment, final assembly equipment, solder machines, functional testers, laboratory and test equipment for electronics manufacturing equipment.
The start date for the manufacturing equipment was in January for IT equipment April 1 and for research and development equipment in January 2011. All three projects are scheduled to be completed by in January 2014.
Memo from the “We’re Not out of the Woods Yet” Dep’t: Bank of America says its foreclosure rate will rise 600% this year.
Fort Wayne will host a regional sustainability conference on April 22.
Indiana’s Young Hoosiers Conservation Corps is looking to hire 2,000 people ages 18-24 for the summer.
U.S. Representative Joe Donnelley is in Indiana today touting his Targeted Job Creation and Business Investment Act.
Dawn Foods will close its Crown Point plant, throwing about 160 people out of work.
The southern Indiana town of Paoli has received a $5.3 million federal grant which will be used to convert a former high school into apartments.