Green Cubes Technology has announced plans to expand its full-time workforce from 16 to 87 employees by 2021. The global company will build a new 20,000 square foot facility on Pipeline Way, on Kokomo’s south side.
Green Cubes Technology was established in 1986 and has global operations in Malaysia, Taiwan, India, and China. The company develops and manufactures advanced battery power systems for leading global Original Equipment Manufacturers (OEMs).
Green Cubes Vice-President of Engineering Anthony Cooper said expanding in Kokomo was motivated by several things.
“Kokomo has a wealth of engineering talent,” Cooper said. “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.”
Mayor Greg Goodnight sees the expansion as a big win for the city.
“We are thrilled that Green Cubes chose Kokomo for its expansion,” Mayor Goodnight said. “This is the kind of technology-based business that can have a lasting impact on our growth. These kinds of businesses, like Green Cubes, will certainly define future industry here.”
The Greater Kokomo Economic Development Alliance assisted the company in securing incentives from the State of Indiana.
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.
“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.”
This technology-based development comes on the heels of an $1.5 million expansion by AndyMark, a Kokomo-based robotics company, which will create 30 jobs by 2021.