The same day that President Obama announced his jobs programs in the State of the Union address, an Indianapolis-based bicycle components maker announced it would expand and create jobs by 2013.
Zipp Speed Weaponry, which makes wheels, aero bars and other components for road, cyclocross and triathlete bicycling events, will expand its customer service and manufacturing division in Indianapolis, adding 105 jobs.
Currently the firm, which became a subsidiary of SRAM in 2007, employs 130 people. Hiring begins in June, according to the Indianapolis Business Journal.
This $12.5 million investment is good news. Zipp is expanding and keeping its jobs in the US, not farming out to India or China. ….
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