Thanks to the promise of training grants and millions of dollars worth in tax credits, Systems in Motion, a California-based IT consulting firm, has agreed to expand its company and start operations in both Carmel and Kokomo. This expansion is anticipated to create approximately 400 “high-wage” jobs by 2017.
Indiana has been eager to land Systems in Motion IT solutions company, which began in 2009. The company offers both consultation and outsourcing. Many smaller businesses have difficulty handling and budgeting for monthly IT costs — outsourcing helps to consolidate the costs, and take it out of the hands of single employees who have limited time to handle complex systems.
The Indiana Economic Development Corp., which is tasked with building up the local region and encouraging business opportunities to flourish, has been offering over $5 million in conditional tax credits, as well as $100,000 in training grants if the company chose to move. The tax credits are performance-based in nature, so that Systems in Motion cannot claim them until Indiana employees have been hired specifically.
The IEDC offered the “usual performance-based, no-risk incentives, as part of a hard-fought multi-state competitive process,” said Katelyn Hancock, a spokeswoman for IEDC. And indeed, the package offered to them has similar offered benefits to those offered by other technology companies that promised to bring high-wage jobs to the region.
According to TechPoint, the IT solutions company’s move is part of a larger tech trend in Indiana. Between 2009 and 2012, computer-related employment in Indiana grew by an incredible 5.4%, which is much higher than the growth rate for the state’s overall job market. IT consulting firms are bringing a lion’s share of employment opportunities to the state.
“The Carmel and Indianapolis areas are among the fastest-growing hubs for high-tech jobs in America,” Carmel Mayor Jim Brainard is happy to say.
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