Horizon Financial Management, LLC, a medical billing company, will invest $1.9 million to lease, renovate and equip 20,000 square feet of space in the AmeriPlex at the Crossroads complex in Merrillville, Indiana, with plans to create up to 216 new jobs by 2016.
Horizon Financial Management, which currently has 60 employees in Merrillville, plans to hire additional medical billing associates throughout the year. “Horizon Financial Management has developed a billing model that puts an emphasis on positive patient relations and satisfaction to ensure the customer is put first,” said Frank P. Termini, managing partner at Horizon Financial Management. “Over the last eight years, we have enjoyed steady growth, with Indiana and Merrillville providing an ideal location for expansion. We look forward to the continued growth in this community.”
“Horizon Financial Management’s decision is the latest proof that Indiana is a cost-effective location for companies to grow and succeed,” said Gov. Mike Pence. “We will remain steadfast in our focus on both homegrown and worldwide investment opportunities as part of our efforts to broaden and deepen the employment base in the Hoosier State.”
As an incentive the Indiana Economic Development Corporation offered Horizon Financial Management, LLC up to $1.9 million in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Merrillville approved additional property tax abatement.