EverQuote Expands Evansville, Indiana, Operations
Based in Cambridge, Massachusetts, EverQuote will invest more than $1 million to lease and equip a 14,000-square-foot headquarters facility at 401 SE 6th Street. The new headquarters will accommodate the company’s growing team and allow EverQuote to expand its customer base on a national scale. EverQuote has roughly 500 associates nationwide, with offices in Seattle, Cambridge and Evansville.
"We're grateful for EverQuote's commitment to building upon a Hoosier business foundation, serving customers across the country, while contributing to a thriving southwest Indiana community," said Interim Indiana Secretary of Commerce Jim Staton. "We'll continue to do our part to build on this momentum by sustaining our pro-business climate and show businesses why Indiana is the best state to live, work, play and stay."
The Indiana Economic Development Corporation (IEDC) offered EverQuote Inc. up to $750,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Evansville supports the project.
“We have been thrilled to welcome Crosspointe to EverQuote," said Jayme Mendal, EverQuote CEO. "Our shared passion for innovation and cultural roots in bootstrapping, heart, tenacity and data-driven optimization have been evident since the acquisition. We’ve been consistently impressed with the caliber of talent in the Indiana market and are confident that deepening our commitment to Indiana will help us achieve our ambitious growth plans for our direct-to-consumer agency business.”
Founded in 2011, EverQuote was created with the vision of applying a scientific, data-driven approach to help consumers find the best price and coverage for their individual insurance needs. The company went public in 2018 and later announced plans to enter the health insurance market. Acquiring Crosspointe enabled EverQuote to achieve its health care goals faster, while having a similar focus on data, technology and innovation.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
Latest Trends in the Industrial Real Estate Sector Here to Stay
Auto Industry Is Betting on Sustainability
2021 Auto/Aero Site Guide