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Wednesday
Oct262011

Red Flags on Litebox Inc. 

The Indianapolis Star reports Litebox Inc. plans a new manufacturing facility in Indianapolis. A quick look at Litebox Inc. sends up red flags. I'm all for government taking chances on new companies, especially when any incentives are tied to actual job creation and investment. And I happen to believe Indiana has some of the strongest, smartest elected officials and economic development organizations in the nation, but Litebox doesn't pass the smell test for me. 

  • Litebox Inc. is a Delaware Corp using a registered agent in Wyoming. The company does not appear to be registered to do business in either California or Minnesota. 
  • Finance tracking tools show no funding announcement for Litebox or Mr. Yanagihara. 
  • I'd be quite surprised if Panasonic or Bose allowed the use of their logo in that manner. 

I'm guessing people in Indianapolis came to the same conclusion and are looking into the matter. Here are a few options for Mr. Yanagihara to clear this all up. 

  • Provide a copy of the Litebox contract with Panasonic or Bose
  • Provide a copy of the Litebox funding commitment papers
  • Provide a copy the Litebox California tax return, workers comp payment slip, or lease contract
  • Even the business name Litebox operating under in California or Minnesota

I hope I'm wrong, my research was inaccurate, and that Indianapolis gets every one of those jobs. 

Edited to add - No way you can fit 1,000+ employees in a 125,000 square foot manufacturing space. Production equipment, parts and materials storage, and the actual trucks take up space. A call center might have that employee density, but not manufacturing. 

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