U/S Sports Advisors Invests $1.1 Million To Expand Its Carmel, Indiana, Operations Center
Part of The Ungar Group LLC, U/S Sports Advisors will invest in office and technology infrastructure at its central Indiana headquarters in Carmel. The company currently employs 10 associates in Indiana and hosts offices in Chicago and Charlotte, North Carolina.
“We serve clients nationwide, from west to east coasts,” said Ken Ungar, President of U/S Sports Advisors. “Not only does the Indianapolis area make sense for us geographically, but it’s a strong sports business hub and a welcoming environment for both entrepreneurial companies and creative professionals.”
“Indiana is a destination state for sports, which bring investment and jobs into our state well beyond game day,” said Eric Doden, President of the Indiana Economic Development Corporation. “Indiana companies like U/S Sports Advisors help make the big play behind the scenes, boosted by Indiana’s central location and enthusiasm for athletics. This isn’t just a state that works for basketball, football or racing; it’s also a state that's proud to work for the sports business.”
"I am very pleased that U/S Sports Advisors has chosen Carmel to expand its headquarters. We pride ourselves in working with our local businesses to help them grow and succeed in competitive markets," said Carmel Mayor Jim Brainard. "This combined with the excellent quality of life features in Carmel have helped us remain competitive when it comes to attracting and retaining successful businesses such as U/S Sports Advisors. We look forward to a long relationship."
The Indiana Economic Development Corporation offered The Ungar Group LLC up to $585,000 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. The city of Carmel also offered the firm support for its expansion project.
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