Location Intelligence
  • Wednesday, May 04, 2016
    Tech Firms Growing in Carmel, Westfield
    Two technology-related companies plan to invest a total of $3.5 million to expand their Hamilton County operations, creating about 125 new jobs over the next four years, state officials announced May 4.

    DuraMark Technologies will spend $3 million to build a 17,500-square-foot headquarters in Westfield. By 2020, the company plans to more than double its staff of 30.

    Lumavate LLC, meanwhile, will invest $451,000 to expand its leased Carmel office space over five years. The firm has 11 employees in Carmel and plans to create up to 93 new jobs by 2020, with positions expected to pay more than double the state average wage.

    The Indiana Economic Development Corporation offered DuraMark up to $350,000 in conditional tax credits based on the company’s job creation plans. The state agency offered Lumavate up to $1.3 million conditional tax credits.

    Read more from the source: Indianapolis Business Journal