Blue Horseshoe Solutions, a global software firm specializing in supply chain and logistics solutions, plans to expand its operations in Carmel, Indiana. The company will move into a new corporate headquarters along the U.S. 31 corridor and creating up to 70 new high-wage jobs by 2020.
The company, which specializes in supply chain logistics, will invest $3.5 million to increase its corporate headquarters space by 11,000 square feet in order to accommodate its growing workforce.
Currently operating at 11590 N. Meridian St., Blue Horseshoe will move its operations to a new 50,000-square-foot building at 11939 N. Meridian St. Blue Horseshoe’s headquarters will occupy approximately half of the new facility, which is expected to be completed in early 2017.
“We are excited to be making this historic move,” said Chris Cason, President of Blue Horseshoe. “In an industry like ours, we had choices among other cities and states, but we felt it was important to stay in Indiana, particularly Carmel, where we enjoy a strategic location, solid business environment and a quality of life that helps us attract and keep employees. In our business, we need to remain competitive and with the news we are announcing today, we feel we can continue to grow and succeed.”
As an incentive, the Indiana Economic Development Corporation offered Blue Horseshoe Solutions Inc. up to $1,125,000 in conditional tax credits and up to $75,000 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, city of Carmel will consider additional incentives.
“Indiana’s business climate and skilled workforce are encouraging significant growth in the tech industry, and I’m proud that Blue Horseshoe is continuing that trend by choosing to expand its headquarters in the Hoosier State,” said Governor Mike Pence. “Last year, the state’s economic development projects within the tech industry increased by 156 percent, with 59 companies committing to create 4,622 high-wage jobs in the coming years. Today’s news is yet another step forward as we work to ensure quality employment for all Hoosiers.”