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IT firm receives abatement for job-growth plans

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Indianapolis’ largest computer consulting firm on Wednesday received property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.

Bucher & Christian Consulting Inc., located on the 13th floor of downtown’s Market Tower, presented its request at a public hearing in front of the Metropolitan Development Commission. IBJ first reported the company's expansion plans in a story Tuesday.

The company said in a filing with the commission that the 200 employees it plans to hire will earn an average salary of $63.38 an hour. The tax abatement also should help it retain 276 jobs paying an average of $55.11 an hour. The filing did not disclose how long it would take to create the new jobs.

The 10-year abatement would become effective in 2010 and would reduce the taxes Bucher & Christian pays on the computer hardware and software it plans to purchase by about $40,000, according to estimates.

Bucher & Christian has enjoyed explosive growth in recent years and could expand its work force to more than 650, including the 200 employees it expects to hire.

The company has added 150 jobs in the past three years, growing its staff to a total of 458. Based on employment, it is the city’s largest computer consulting firm, according to IBJ statistics.

Justin Christian and Tony Bucher founded the company in 1998. Bucher left the firm earlier this year.


  

 

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  • Bend Me Over!
    Nothing I like more than to know I'm subsidizing someone's $50-60/hr. job! Yeah, and like they really need it, too. Gimme a break!!!!
  • benefits to whom?
    I understand and generally endorse tax abatements, however, this is one of many instances with potentially adverse consequences for the abating authority - in this case the city of Indianapolis. The city forgoes the tax revenue. The city provides services for the company and its employees - roads, police and fire, trash service, etc. Those earning the $55 to $65 per hour often take those earnings to surrounding jurisdictions where they buy homes and pay property tax, purchase goods and services and pay taxes, etc. With many of the city's tax exempt properties (hospitals, universities, etc.) the minimum wage earners reside in the city and require a high level of municipal services, while the upper wage earners (again) take their earnings out side the city where their tax dollars support higher levels of municipal service with a lower tax burden.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

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  5. deport now

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