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CA Startup To Create 1,200 Indy Jobs

Wed, 10/26/2011 - 9:15am

INDIANAPOLIS (AP) — Reports say a California startup company will create more than 1,000 jobs in Indianapolis

LiTEBOX Inc. chief executive Bob Yanagihara told the Indianapolis Business Journal and WRTV-TV on Tuesday that his company expects to hire 1,200 employees, mostly at a 125,000-square-foot factory on the city's northwest side that will produce trucks with giant video screens. WRTV reported 100 people will staff a downtown operations center.

Yanagihara told the IBJ the new factory will produce eight trucks per month selling for about $3 million each and featuring 47-foot-tall, high-definition Panasonic screens and Bose sound equipment.

He said state and city economic development officials have offered the company incentives including tax abatements and training grants worth more than $40 million over 10 years.

An event announcing the project was planned for Wednesday.

 

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