CROWN POINT, Ind. (AP) - Plasmatronics LLC, a New York-based company that researches alternative vehicle ignition systems, announced Tuesday its plans to open a high-tech manufacturing and research center that would employ 220 people.
The company chose northwestern Indiana's Crown Point for its geographic location and incentives package, CEO and President Linda Decker said.
The anticipated hiring was expected to happen as the business expands over the next three years, she said.
The company's product would replace the a car's ''existing spark-based ignition systems with a direct ignition system that boosts fuel economy and horsepower, while reducing emissions by up to 51 percent,'' the Indiana Economic Development Corp. said.
Incentives offered to the company included a $1.23 million tax credit from the state economic development group, $95,000 in grants and a $500,000 loan from the city of Crown Point.