An information technology consulting firm, GadellNet Consulting Services, will invest $1.35 million to renovate a downtown St. Louis, Missouri
, office building and expand its operations center, with plans to hire 30 new employees.
“The tech scene is booming here in St. Louis and, as a growing IT firm, it’s great to be in the center of all the action,” said Joe Gadell, President/Co-owner of GadellNet, “With an expansive network of technology resources and an ever-growing pool of world-class talent
, Missouri cultivates the type of business environment that GadellNet needs to grow and succeed.”
To assist GadellNet with its expansion, the Missouri Department of Economic Development
has offered a strategic incentive package
that the company can receive if it meets strict job creation and investment criteria. The St. Louis Regional Chamber also partnered with GadellNet to help make its expansion possible.
“Missouri is the place to be for expanding tech companies and we’re excited to announce that GadellNet is growing in the Show-Me State,” said Mike Downing, Director of the Department of Economic Development. “Investing in Missouri-grown tech businesses keeps us on the cutting-edge of technology and helps create next-generation jobs. We’re proud to partner with GadellNet on their expansion project and grateful for their commitment to growing in Missouri.”
Founded in 2003, GadellNet is headquartered in St. Louis and also operates a second facility in Carmel, Indiana. Rapid growth during the company’s first 10 years of business has prompted the need to expand, according to economic development officials. To accommodate its growth, GadellNet is leaving its Brentwood facility and has partnered with Urban Improvement Company to redevelop an existing building in downtown St. Louis. Renovations are expected to be completed late this summer.
“We’re delighted that Gadellnet is expanding to Cortex and we continue to be very pleased with the service the company is providing,” said St. Louis Regional Chamber
President/CEO Joe Reagan. “The St. Louis region has seen astonishing growth in the IT and technology sectors in recent years. Investments in St. Louis area tech startups more than doubled from $30 million in 2012 to over $66 million in 2013. St. Louis tech startups have access to better resources than they have had at any time in the past. Clearly, an amazing tech ecosystem
is coming into place in St. Louis.”