Lakeside Wealth Management Expands Chesterton, Indiana, Operation Center
The homegrown-Hoosier company plans to renovate and equip a 13,800 square-foot second floor of an existing office building in Chesterton, which opened in October. The new facility, which includes five client-facing conference rooms, two staff conference rooms, five staff focus rooms and an event space, will allow the company to hold multiple client meetings a day and host events for its clients, staff and the community.
“We stayed in Indiana for several reasons: there are the concrete qualities that are easy to assess as a business such as state taxes, available talent pool and, of course, access to clients. These conditions were all very positive in our analysis and we felt comfortable about being able to grow in this environment,” said Mark Chamberlain, CEO of Lakeside Wealth Management. “More importantly, we felt very connected to the values and sense of community where we are located, which means our employees can enjoy a higher quality of life in addition to just managing a successful business.”
“Lakeside Wealth Management fits in perfectly in Indiana,” said Eric Doden, President of the Indiana Economic Development Corporation. “Fiscal integrity is the foundation of prosperity, whether you are running a business or a state. It has led to dynamic growth for Lakeside Wealth Management and is sparking growth from communities and businesses across our state.”
As an incentive, the Indiana Economic Development Corporation offered Lakeside Financial Group, LLC up to $500,000 in conditional tax credits 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 town of Chesterton supports the project.
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