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By Andrea Davis on May 23, 2016
Hamilton County’s economic engine was in high gear during the first quarter of 2016, as businesses announced plans to invest more than $108 million on expansion and relocation projects expected to create 1,700-plus jobs.

That’s a marked improvement over the same period last year, when companies said they would spend $41.4 million on projects that would add about 160 employees.

The biggest investments are planned for Carmel, where financial services firm Allied Solutions said it will spend $33 million on a new headquarters in the Midtown development taking shape between City Center and Main Street. The company plans to add 600 jobs there by 2025.

Energy powerhouse Midcontinent Independent System Operator, meanwhile, is planning a $30 million expansion of its Carmel headquarters, where it will add 84 positions.

Fishers will be the site of a pair of eight-figure projects: About $16 million for a new Stanley Convergent Security Solutions Inc. HQ and almost $14 million for a shared-services center that will house Republic Services. Nearly 800 jobs are expected to be created or retained as a result of those two projects.

Buzz has been building in Fishers, which last year landed a commitment from retail behemoth IKEA to build its first Indiana store near the intersection of 116th Street and Interstate 69. In January, entertainment leader Topgolf International confirmed plans to open a facility in the same area. It will employ 450 full- and part-time workers.

The county seat of Noblesville also had a first-quarter expansion announcement: Metal fabricator Noble Industries said it plans to invest $6.1 million to grow its facility and hire another 50 workers.

First-quarter job announcements represent 82 percent of the total for all of 2015, and planned investments already are at more than 40 percent of last year’s $188.7 million aggregate.

Categories: "Economic Development", Employment, Headquarters, "Location Intelligence"