Monday, April 8, 2013

IBJ Reports Senior Housing Developer Offered Incentives for Move to Carmel

From the Indianapolis Business Journal:

A Cicero-based developer of senior housing and care properties will move its headquarters to Carmel later this month and begin hiring an estimated 25 new employees.

Mainstreet Property Group LLC will invest $800,000 to lease and equip 7,120 square feet of office space at 14390 Clay Terrace Blvd., according to firm officials. The company, which currently employs 20 workers, will begin hiring for additional real estate development and management officials later this year.
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The Indiana Economic Development Corp. offered Mainstreet up to $325,000 in conditional tax credits and up to $20,000 in training grants based on the company’s current plans. These tax credits are performance-based, meaning the company is not eligible to claim incentives until employees are hired.
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http://www.ibj.com/senior-housing-developer-to-move-hq-to-carmel-create-25-jobs/PARAMS/article/40640