Lightning Hybrids to create 50 jobs with incentives

LOVELAND – Loveland city council Tuesday unanimously approved a new incentive package for a hybrid vehicle startup.

Lightning Hybrids will receive up to $100,000 tied to the creation of 50 primary jobs at its facility in downtown Loveland. The company has projected it will employ 17 research and development professionals by the end of this year and 39 by 2011, with an average salary of $65,000. Additionally, it anticipates creating 51 manufacturing jobs by mid-2010 with the potential to grow to 300 by 2013 — carrying an average wage of around $48,000. The company also projected its 2013 output would include…