Tuesday, August 27, 2013

IBJ Reports Knowledge Services Offered $2.35 Million in Tax Credits for Expansion in Indianapolis

From the Indianapolis Business Journal:


Knowledge Services, an infotech consulting firm based in the Castleton area, plans to expand its headquarters and add as many as 400 new jobs by 2018, the firm announced Tuesday morning.

The company plans to invest $842,500 to lease and equip 5,500 square feet of additional space at its existing 18,000 square-foot corporate headquarters at 5875 Castle Creek Parkway. The expanded space, which will be operational by November, will house Knowledge Services' software development and client support services.

All 400 of the new workers are expected to be hired in Indiana, with about 25 to 35 percent slated for central Indiana. Knowledge Services plans to hire employees across the company, including for software development, accounting, customer support, training and business development.

...

In July 2011, Knowledge Services said it planned to add 200 local workers by 2015 to the 150 it had at the time. The IEDC offered the company $2.7 million in conditional tax credits and $25,000 in training grants in return for the job commitments. It more than exceeded those goals within two years.

For the firm's most recent plans, the Indiana Economic Development Corp. has offered up to $2.35 million in tax credits and $200,000 in training grants. The tax credits are performance-based, meaning the firm isn't eligible to claim them until workers are hired.
...

http://www.ibj.com/indy-it-firm-expected-to-announce-hundreds-of-jobs/PARAMS/article/43197