IN: Green Cubes Technology to Invest $1.8M for New HQ, 71 New Jobs
24 Apr, 2018
Green Cubes Technology, which develops and manufactures advanced battery power systems for global OEMs, announced plans to expand its operations in Howard County, creating up to 71 new jobs by the end of 2021.
"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."
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. 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.
Green Cubes Technology 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. Open positions will be listed in local media outlets; interested candidates can send their resumes to email@example.com.
“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."
Established in Indiana in 1986, Green Cubes Technology now employs more than 90 associates across the world, including 16 full-time associates in Indiana, with additional operations in Malaysia, Taiwan, India and China. The company develops and manufactures advanced battery power systems, utilizing advanced software and offering cost-effective solutions in portable, mobile and stationary power to serve the automotive, health care, logistics, warehousing, recreational, oil and gas, and energy industries.
“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."
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.
About Green Cubes Technology (GCT)
Green Cubes Technology (GCT) develops and manufactures advanced battery power systems for leading global OEMs. With over 30 years of project successes stem from the emphasis we place on providing customers with cost-effective solutions through smarter software, more efficient hardware, intelligent sourcing, and proficient manufacturing. With a dedicated and experienced Global team, GCT provides innovative power solutions by optimizing six fundamental project areas. Learn more about The Green Cubes Concept and how our six areas of optimization can enhance your power application at www.greencubestech.com.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.