Zotec Partners, a provider of medical revenue cycle management solutions, broke ground on a new national headquarters facility in Carmel, Indiana. The company plans to add up to 300 new jobs in Hamilton County by the end of 2022.
The company plans to invest nearly $47 million to construct a new, five-story, 120,000-square-foot facility on the property adjacent to its current 42,000-square-foot facility at 11460 N. Meridian St. in Carmel.
The new facility will include an innovation work center allowing Zotec employees to assess cutting-edge technology concepts, as well as a new training facility designed to foster learning for large groups and Zotec employees. The modernized facility will also house corporate offices, a parking garage and room for future growth. With construction already underway, Zotec expects to complete construction and move into the space by the end of 2020.
"This expansion marks the company's commitment to our clients, our employees and our community," said T. Scott Law, Founder & CEO of Zotec. "Zotec's people are the most valuable component of our service offering, and we are excited to give our employees an inspiring workplace with a new headquarters that feels like home to them, a place where their work is not hindered by traditional corporate walls."
Pending approval of the Indiana Economic Development Corporation board of directors, the IEDC will offer Zotec up to $4.15 million in conditional tax credits and up to $200,000 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. The IEDC also offered up to $500,000 to the community from the Industrial Development Grant Fund to support infrastructure improvements at the new site. The city of Carmel is considering additional incentives.
"Companies like Zotec are providing continued and sustainable growth in Indiana, creating great professional opportunities for Hoosiers," said Governor Eric J. Holcomb. "Central Indiana continues to cultivate a growing hub for tech and innovation, putting Hoosiers at the forefront of a 21st century economy and increasing our tech industry's forward momentum. I am confident that Indiana's business and tech community will enable Zotec to continue providing high-quality service to its customers."
“We are excited to join in the celebration of another corporate headquarters choosing to expand and grow its business here in Carmel,” said Mayor Jim Brainard. “We have worked hard to create a strong business environment attractive to high-tech companies, along with a high quality of life to attract a highly educated workforce. We look forward to sharing in the continued success of Zotec for many years to come."