Office360 Expands Indianapolis, Indiana, Operations
07/12/2017
The company will invest $764,500 to update equipment at its 80,000-square-foot headquarters at 7301 Woodland Drive in Indianapolis, allowing the company to modernize its IT infrastructure and to improve its overall cost effectiveness and efficiency for its clients.
"We are very fortunate to be based in Indiana. Its central location and pro-business climate, including its reasonable taxes and fair-minded regulations, allow us to succeed and grow with confidence. What’s more, Indiana’s workforce is second-to-none. Hoosiers understand the benefits of working with a progressive, local supplier,” said Steve Nahmias, one of Office360's principals. “We appreciate partners like the Indiana Economic Development Corporation and KSM Location Advisors who have helped make today's announcement possible.”
As an incentive, Indiana Economic Development Corporation offered Office360 up to $125,000 in conditional tax credits and up to $110,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project in partnership with Develop Indy, a business unit of the Indy Chamber.
"Small businesses like Office360 are at the heart of our economy, providing more than 1.2 million Hoosiers with good jobs," said Elaine Bedel, President of the Indiana Economic Development Corporation. "In Indiana, we have been recognized as having the No. 1 regulatory climate for small businesses, and we will continue to support Hoosier entrepreneurs by keeping costs low, investing in our statewide infrastructure and ensuring our workforce is prepared for the jobs of tomorrow.”
“The city of Indianapolis has been a proud home of Office360 since its start less than a decade ago, and news of this additional investment and expansion is another sign of the times,” said Indianapolis Mayor Joe Hogsett. “Economic development in Indianapolis is strong, and we’re thrilled to continue growing alongside Office360 in the years to come.”
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024