Green Cubes Technology Expands Kokomo, Indiana, Operations
04/24/2018
The company, which is headquartered in Kokomo, will invest $1.8 million to build a larger facility at 305 Pipeline Way on the city's south side to serve as its global headquarters, technology center and manufacturing site. The company plans to break ground on the new space this mid-summer and expects to be operational in early 2019. As part of its growth, the company has already begun hiring additional assemblers and manufacturing support positions and will continue hiring over the next six months.
“Kokomo has a wealth of engineering talent," said Anthony Cooper, Vice President of Engineering for Green Cubes Technology. "So it made sense to expand here. Kokomo embraces new technology and emerging green technology. The ongoing development in Kokomo will attract skilled talent, so we will always have a deep talent pool to draw from."
The Indiana Economic Development Corporation offered Green Cubes Technology up to $532,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Kokomo will consider additional incentives.
"Indiana is home to a global economy, and we're proud to serve as the home base for companies like Green Cubes Technology that are serving customers around the world," said Indiana Secretary of Commerce Jim Schellinger. "As a state, we're committed to providing companies a pro-growth business climate and to skilling up our workforce to ensure that Hoosiers are prepared to help high-tech companies like Green Cubes Technology succeed here in Indiana."
In 2015, Green Cubes Technology consolidated other U.S. operations to Kokomo and the company has since outgrown its facility at 4124 Cartwright Drive. The new, 20,000-square-foot space will nearly double the company's Indiana footprint, allowing Green Cubes Technology to expand its workforce in order to meet a growing demand for innovative portable, mobile and stationary power solutions.
“We are thrilled that Green Cubes chose Kokomo for its expansion," said Kokomo Mayor Greg Goodnight. "This is the kind of technology-based business that can have a lasting impact on our growth."
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024