The Journal Gazette
Saturday, April 02, 2016 10:00 pm

Kosciusko releases '15 report

News services

The Kosciusko Economic Development Corp. worked with employers last year on 11 projects that promised 850 new jobs at average hourly wages of $18.26.

The nonprofit last week released its 2015 annual report and 2016 work plan. Last year’s summary included new capital investment of $67.3 million. Eight projects were expansions by existing employers. Three investments were by employers new to the county.

About 40,000 workers are employed in Kosciusko, a significant increase from about 33,000 in 2010, the year KEDCo was formed.

The organization has business retention, infrastructure, marketing, and small-business entrepreneurship committees, each with detailed goals for the year. The business retention committee, for example, plans to make at least 50 calls on local employers and schedule at least 40 follow-up meetings.

Chinese company to invest in LA studio

A private film company in eastern China has agreed to invest at least $500 million in the studio of former Walt Disney boss Dick Cook to make movies to be distributed worldwide, the companies announced.

Los Angeles-based Dick Cook Studios and Film Carnival, a film producer and distributor in Zhejiang province, announced the deal in a statement last week.

Film Carnival will finance 100 percent of the movies developed, produced, distributed and marketed by Dick Cook Studios. The company will also help Film Carnival produce its own movies in China.

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