Kinetic Advantage Expands Carmel, Indiana, Headquarters
01/26/2021
Kinetic, which currently operates out of 24,500 square feet of office space at 10333 N. Meridian in Carmel, will invest more than $4 million to expand its new headquarters, leasing and equipping an additional 34,200 square feet in the same building. The space is expected to be fully operational by April 2021.
“I’ve been involved in three startups in Indiana and have found that Indiana is a great place to build a business given the educated workforce, excellent work ethic and pro-business climate in Indiana," said Marty McFarland, CEO of Kinetic. "I am thrilled to work with my Indiana teammates in building an employee and customer centric business."
As an incentive the Indiana Economic Development Corporation offered Kinetic Advantage up to $5 million in conditional tax credits based on the company’s plans to create up to 273 jobs by the end of 2024. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Carmel supports the project.
"With Indiana’s best in the Midwest ranking for entrepreneur friendliness, we're committed to providing the business-friendly environment and skilled workforce that companies like Kinetic need to grow operations," said Governor Eric J. Holcomb. "Kinetic's rapid growth, even during the pandemic, is impressive, and we're grateful for the quality career opportunities that the company is creating for Hoosiers."
Founded in July 2020 by McFarland, who also co-founded Dealer Services Corporation, Kinetic utilizes market-leading technology solutions to enhance the floorplan experience for independent auto dealers, streamlining customer experience, increasing flexibility and offering increased cost transparency around fees. Kinetic has secured more than $225 million of initial debt and equity funding to support its expansion and has already launched in 26 markets.
Project Announcements
Australia-Based Woodside Energy Group Plans Calcasieu Parish, Louisiana, LNG Operations
05/03/2025
Techo-Bloc Plans Cayce, South Carolina, Manufacturing Operations
05/03/2025
Italy-Based A.D.R Axles USA Plans Perry, Iowa, Operations
04/30/2025
Dollar Tree Plans Marietta, Oklahoma, Distribution Operations
04/30/2025
Hitachi Energy Expands Bland, Virginia, Production Operations
04/28/2025
Amgen Expands New Albany, Ohio, Manufacturing Operations
04/28/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Forging Solid Foundations
Q1 2025