Software Developer, Bloomerang, Expands Its Lawrence, Indiana, Production Facilities
The homegrown-Hoosier company plans to purchase and renovate a facility at Lawrence Village at the Fort in Lawrence. As part of the expansion, which is expected to be complete by 2015, the company will expand its development, customer support, sales, marketing and operations teams. Bloomerang has already begun hiring additional project manager, information technology and developer positions.
"We started in and are expanding in Indiana for the same key reasons," said Jay Love, founder and CEO of Bloomerang. "The business climate is outstanding, the work ethic of Hoosiers is unmatched and the cost of doing business here is a fraction of the cost in most of the rest of the United States. Others should do the research and comparison and see for themselves."
"High growth, entrepreneurial companies like Bloomerang continue to discover that it's easier to grow a business in the Hoosier State," said Eric Doden, President of the Indiana Economic Development Corporation. "Places like Silicon Valley may consider themselves the traditional home to the technology industry, but Indiana continues to compete for and win tech jobs. With our growing connectivity and pro-growth business environment, we offer a competitive advantage that sets us apart, making Indiana a state that works for technology."
As an incentive, the Indiana Economic Development Corporation offered Bloomerang, LLC up to $700,000 in conditional tax credits and up to $30,000 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, the city of Lawrence supports the project.
"Bloomerang's entrepreneurial leader, Jay Love, has a track record of creating successful companies in central Indiana," said Lawrence Mayor Dean Jessup. "The city of Lawrence is excited that Bloomerang is growing their company on the Fort by adding 70 high tech jobs. These good jobs will lead to stronger neighborhoods in our city."
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