Nyhart Expands Its Indianapolis, Indiana, Headquarters To Accommodate Growth
07/01/2013
"Indiana's colleges provide an excellent supply of skilled talent, with curriculums that directly benefit our company's operations," said Thomas Totten, chief executive officer of Nyhart. "When visiting universities across the state, I'm consistently impressed with the students I meet and try to bring the top minds back to our organization."
The firm, which currently has 68 full-time employees in Indianapolis and more than 95 employees across five other states, has already begun hiring additional actuaries, administrators and benefit consultants.
"Indiana's network of top-ranked universities prepares Hoosiers to fill in-demand jobs like those in the benefit consulting and actuary industries," said Eric Doden, president of the Indiana Economic Development Corporation. "Combine this talented workforce with our low-tax, pro-growth policies, and, once again, Indiana demonstrates why it is a state that works for business."
As an incentive, Indiana Economic Development Corporation offered Nyhart up to $325,000 in conditional tax credits and up to $35,000 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 city of Indianapolis supported the project at the request of Develop Indy, a business unit of the Indy Chamber.
"Nyhart could have chosen Atlanta or San Diego for their expansion, but they chose Indianapolis, which speaks volumes for our strong business climate," said Indianapolis Mayor Greg Ballard. "We're always happy to see great companies expanding here, and providing job opportunities for our skilled workforce."
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024