Angie’s List Plans $40 Million Campus Expansion In Downtown Indianapolis, Indiana
In addition to making improvements to facilities on its current campus footprint, Angie’s List will renovate the 176,000 square-foot former Ford manufacturing facility currently owned by Indianapolis Public Schools just east of the company’s current campus, which will be ready for occupancy in 2017.
Angie’s List will also construct a parking garage with in excess of 1,000 parking spaces across from the company’s current campus, which will be ready for use by 2016. Through these projects, the company will invest approximately $40 million over the next several years, enabling it to continue its rapid growth in Indianapolis and participate in the revitalization of the East Washington Street corridor.
“Angie’s List is thrilled to commit to further expansion in the state of Indiana,” said Angie Hicks, Co-founder of Angie’s List. “The combination of Indiana’s pro-growth business environment, access to great human capital in central Indiana and the city of Indianapolis’ commitment to neighborhood redevelopment has helped to drive our continued growth.”
As an incentive, Indiana Economic Development Corporation offered Angie’s List, Inc. up to $6.5 million in conditional tax credits and up to $500,000 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 IEDC will provide the city of Indianapolis with up to $2,000,000 in infrastructure assistance from the state's Industrial Development Grant Fund. In addition, the city of Indianapolis will consider additional incentives, including $9.6 million in assistance from the Downtown Tax Increment Finance District for construction of the parking garage and $6.75 million to Indianapolis Public Schools to offset the cost of relocating from the former Ford facility.
“Angie’s List expansion of its headquarters campus and addition of jobs is tremendous news for our economy and the near eastside,” said Mayor Greg Ballard. “The commitment of Angie’s List to Indy will continue to anchor the redevelopment of this area and help attract bright people to live in Indy.”
“If there was ever any question whether Indiana was a state where high-growth companies could reach their full potential, just look at Angie’s List,” said Governor Mike Pence. “This company grew from one person with an idea to a national operation with a team of Hoosiers that just keeps growing. Small companies grow into big companies in Indiana, where teams of Hoosiers do big things powered by a stable and affordable business climate.”
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