hc1.com®, Inc., a healthcare cloud platform provider, will invest $2.5 million to expand its Indianapolis, Indiana, headquarters, creating up to 175 new jobs by 2019.
The homegrown-Hoosier company will lease and renovate an additional 9,466 square feet to expand its current 16,626 square-foot headquarters facility at the Northwest Technology Park in Boone County. hc1.com, which moved into its new location this past February, expects the new space to be operational by the end of the year.
“hc1.com is expanding rapidly as we work with healthcare organizations to transform the healthcare experience for people across North America and around the globe. Our recently announced partnership with lab technology giant Beckman Coulter and our growing sales team is further accelerating our expansion,” said Brad Bostic, Chairman/CEO of hc1.com. “As we expand, the support provided by the state of Indiana and Boone County has been instrumental in our decision to locate our headquarters and growing team here in Indiana.”
This is hc1.com’s third major expansion in central Indiana in the last three years. Just last November, hc1.com announced plans to invest $1.4 million to expand its Indianapolis headquarters, creating 62 new jobs. Also, in 2010 the firm made plans to invest $321,250 to expand its Boone County operations, adding 61 new jobs. hc1.com, which currently employs more than 90 associates, including 70 full-time Indiana employees, has already begun hiring additional software engineers, sales executives, product solution architects, client success managers, reporting analysts and operations personnel.
“Homegrown companies like hc1.com continue to spur innovation, pushing Indiana’s economy forward by contributing to the growing investment and job creation in our state,” said Governor Mike Pence. “With our world-class universities, business-friendly tax policies and highly-skilled workforce, technology companies from around the state and across the country are deciding that Indiana is the best place to grow and succeed.”
The Indiana Economic Development Corporation offered hc1.com, Inc. up to $2,985,000 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. Boone County approved additional incentives at the request of the Boone County Economic Development Corporation. hc1.com has been a 21 Fund portfolio company since late 2010.
“The fact that hc1.com is growing again, adding 175 new, high-paying jobs in Zionsville, is a testament to the continued success of the company,” said Jeff Papa, Zionsville Town Council president. “hc1.com is relentless in its quest to be at the forefront of the industry, and we’re proud hc1.com calls Zionsville its home.”