Kokomo: What stimulus bought

This manufacturing town in central Indiana faced crippling unemployment. Now it is working again, thanks to the federal government.

1 of 11
BACKNEXT
Downtown's rebirth
Downtown's rebirth
Kokomo Mayor Greg Goodnight, faced with a recession-decimated city budget, had to make some tough choices. Through attrition and layoffs, he ended up cutting about 10% of the city's staff.

But he didn't skimp on the downtown. Using stimulus money, the town revamped the walkways, added flowers and made all the parking free.

The moves, along with some attractive financing, have spurred the launch of 11 new businesses in Kokomo since the start of 2010.


NEXT: Old plant, new technology
Last updated October 18 2010: 7:22 AM ET
More Galleries
9 reasons to be excited about Windows 9 Microsoft is expected to begin showing off Windows 9's features later this month. Here are the expected changes you should be thrilled about. More
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Hot stocks: 10 record breaking companies The S&P 500 is trading at all-time highs, and many well-known businesses are leading the charge. Time to buy or sell? More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.