Cortland Capital Market Services, a global independent financial services firm, plans to expand its operations in Indianapolis, Indiana, creating up to 153 new jobs by 2019.

The Chicago-based company will equip office space at 8440 Allison Pointe Boulevard in Indianapolis, with plans to immediately occupy the facility. This expansion will allow Cortland to serve its growing international client base and manage increasing business volume. Cortland has started the process of hiring for positions in securities operations, loan administration, SBA loan servicing, CLO and financial analytics, and fund administration.

“Indiana’s excellent business climate and talented workforce made Indianapolis an ideal location for Cortland to expand our operations to serve our growing client base,” said Doug Hart, principal at Cortland Capital Market Services. "We are especially pleased that Indiana native and Butler University graduate Luke Newcomb will lead our Indianapolis office."

“Cortland operates in the world’s largest markets, and out of all of its options it chose Indiana for its next office,” said Governor Mike Pence. “Indiana competes daily against locations around the globe and wins, with a business climate noted for its affordability and a workforce dedicated to helping companies reach their long-term goals. I look forward to watching Cortland’s ranks grow here in Indiana.”

The Indiana Economic Development Corporation offered Cortland Capital Market Services, LLC up to $1,825,000 in conditional tax credits 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 city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.

“Indy is rapidly becoming a market of choice for many national and international companies,” said Indianapolis Mayor Greg Ballard. “We are proud to add Indy to the list of cities like Chicago, London, Los Angeles and New York where Cortland operates.”