700 New Jobs in Carmel

Two announcements in March highlighted the fact that 700 new jobs will be coming to Carmel in the next five years. NextGear Capital held a ribbon cutting at their new headquarters in Carmel and announced they will expand its workforce, adding about 225 jobs by 2015.

Baldwin & Lyons, Inc. announced the movement of their headquarters, which already employs 350 workers, to Carmel and expansion of its operations, adding 133 employees by 2018. Mayor Jim Brainard and Governor Mike Pence joined executives from NextGear Capital, an automotive financial services provider, as the announcement was made to a large crowd gathered at their new office space in Carmel’s Science and Tech Park. The company, which provides inventory financing programs for more than 17,000 automotive dealers across the country, will invest $19.5 million to lease and renovate a second 33,000 square-foot Carmel office at 11799 N. College Ave.

NextGear Capital, which will also maintain its current City Center Drive facility, plans to use the new space to house its dealer services, auction services and business development center. Baldwin & Lyons, one of the largest property and casualty insurance companies based in Indiana, announced plans to expand its headquarters here, creating up to 133 new jobs by 2018. The homegrown Hoosier company will invest from $20 to $30 million to purchase and improve a 184,000 square-foot facility at 111 Congressional Blvd in Carmel. Baldwin & Lyons plans to relocate to its new location by the end of the year. They currently employ more than 350 Hoosiers and plan to begin hiring additional highly skilled, high-wage insurance professionals in the areas of administration, finance, and information technology this year

. “We are very excited that both of these reputable companies have chosen to invest and expand in Carmel. This is exactly the type of investment the city is looking for in its economic development partners. Our focus and commitment to a high quality of life is always key in attracting and retaining business. This increased economic growth continues to provide excellent employment opportunities in our community. This is not only good for Carmel, but the region as well,” said Carmel Mayor Jim Brainard.

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