Geofeedia Expands Indianapolis, Indiana, Operations Complex
The Chicago-based company will invest $2.9 million to lease and equip a 9,200 square-foot office at 55 Monument Circle, located in the Circle Tower building in downtown Indianapolis. Geofeedia plans to develop this location into its largest corporate office, which will focus on developing predictive software technology used by consumer brands, media organizations and public safety agencies.
“With the many top-notch colleges nearby and the recent successful IPOs and acquisitions within the city’s tech sector, a strong technology talent pool has emerged in Indianapolis. We expect to build an exceptional team here to help grow the business as we develop our solution and enter new markets,” said Phil Harris, Co-Founder/CEO of Geofeedia.
Pending approval by its board of directors, the Indiana Economic Development Corporation will offer Geofeedia, Inc. up to $4.4 million in conditional tax credits 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 city of Indianapolis will consider additional incentives at the request of Develop Indy, a business unit of the Indy Chamber.
“The entrepreneurial spirt is alive and well in Indiana,” said Governor Mike Pence. “That entrepreneurial spirt today is boosting a tech sector in our state that keeps adding jobs. And with Indiana adding 1,700 private sector jobs in February alone, it’s companies like Geofeedia that keep Indiana outpacing the nation in growth.”
Geofeedia currently employs 44 full-time associates between its Indianapolis, Chicago and Naples, Florida offices, including 20 in Indiana. The company has begun hiring for business development, marketing, sales and software development positions in the state.
“Indy’s tech sector continues to thrive, and I am pleased to welcome Geofeedia to the list of companies that are expanding here,” said Indianapolis Mayor Greg Ballard. “This social media monitoring platform is a terrific example of an innovative concept that is benefitting from our qualified workforce and our focus on attracting even more top talent into the city.”
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