NextGear Capital Upgrades Its Carmel, Indiana, Operations Center
08/19/2015
The firm serves more than 20,000 automotive dealers with inventory financing services across the United States, Canada and the United Kingdom. The company is a part of Cox Automotive, which includes industry-leading brands Autotrader, Kelley Blue Book and Manheim.
The company plans to make substantial investments exceeding $50.88 million to lease and renovate its corporate offices in Carmel to support its growing customer service and technology divisions. Additionally, NextGear Capital plans to upgrade its technology infrastructure and software to better serve its more than 20,000 customers.
“NextGear Capital’s success can be attributed to our talented workforce, both here and across the country, who work diligently every day to ensure our customers’ needs are met and embody the work ethic and family values that Indiana is known for,” said Brian Geitner, President of NextGear Capital.
As an incentive, the Indiana Economic Development Corporation offered NextGear Capital Inc. up to $1,600,000 in conditional tax credits and up to $85,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel supports the project.
“Indiana stands out as a regional leader for job growth, and companies like NextGear Capital repeatedly choose Indiana as a home for their expansions because of our pro-growth policies and low-regulation business environment,” said Governor Mike Pence. “One of our greatest strengths is in our workforce, and after meeting with the hardworking Hoosiers who make NextGear Capital’s success possible back in March of 2013, I’m excited to announce today this additional expansion here in the Hoosier State.”
“We were thrilled last year when NextGear Capital moved into its new corporate headquarters in Carmel, which we took as a reflection of the strong high-tech business community we enjoy,” said Carmel Mayor Jim Brainard. “NextGear Capital has been one of Indiana’s true technology success stories and today’s news of another expansion in its workforce is great news for Carmel and all of central Indiana.”
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024