Friday, August 30, 2013

IBJ Reports American Specialty Health Offered Incentives for Relocation to Carmel

From the Indianapolis Business Journal:

American Specialty Health Inc., a California-based wellness program provider, plans to move its headquarters to Carmel and create as many as 675 jobs by 2016, state and company officials announced Friday morning.

The company plans to invest $10 million to lease 72,693 square feet on four floors of the Hamilton Crossing III building at 12800 N. Meridian St. ASH will lease an additional 16,362 square feet of office space at the Carmel Tech Center. The company anticipates a June 2014 grand opening for its Carmel office.

ASH, which currently employs more than 1,000 workers nationwide, will begin hiring operations, call center, customer service and other positions in Carmel later this year.

"ASH has grown from a California company into a national company, and Carmel provides a central location with proximity to our clients across the nation," company founder and CEO George DeVries said Friday.

IBJ reported on July 11 that ASH planned to open an office in Carmel by next March and employ at least 300. Sources familiar with the situation at the time said Carmel could become the company's new home base.

The relocation of ASH's headquarters is part of the firm's five-year strategic plan to establish operations and redundancy offices in three distinct geographic regions. The company opened a Southlake, Texas, office in July 2012 and also opened a health technology innovation center with the University of South Carolina's Innovista incubator in Columbia, S.C.

The Indiana Economic Development Corp. has offered American Specialty Health up to $11.5 million in conditional tax credits and up to $250,000 in training grants based on the company's job creation plans. The tax credits are performance-based, meaning they cannot be clamied until jobs are filled.