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Chrysler Announces Expansion Plans In Kokomo

Last updated on Tuesday, December 18, 2012

(KOKOMO) - More than a thousand new jobs may be coming to Central Indiana in the next few years.

Teresa Mackin of WISH TV8 reports that on Monday morning, Chrysler officials met with leaders in Tipton County, where they discussed a ten year tax-abatement to invest $162 million dollars in a new plant there; that could bring up to 850 new jobs.

The plan would bring back to life the existing transmission plant there.

Monday night, leaders in Kokomo also approved a deal with Chrysler officials.

Members of the common council passed two resolutions, that allow a ten year tax abatement for Chrysler, so the company can expand its operations in existing Kokomo plants.

Chrysler plans to invest upwards of $200 million in new equipment in Kokomo, and the company hopes to add 411 new jobs in the process.

Mike Kennedy, Kokomo common council president said some of the jobs are engineering jobs, some are technical, and Kokomo hopes to bring some people to the community.

Kennedy explained this expansion of operations in Kokomo will coincide with the Chrysler plans announced in Tipton County where parts will be sent for assembly.

Chrysler reps say they won't elaborate any further on their future plans in Kokomo.

They haven't yet released a timeline for when they may start hiring for these new jobs there.

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