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Carmel auto-dealer lender plans to add 169 workers

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Automotive financial services firm NextGear Capital plans to open another office in Carmel and add 169 workers, the company announced Monday morning.

IBJ revealed the company's expansion plans in a Feb. 1 story. At the time, the company said it planned to add 225 jobs to its existing work force of 225.

The positions will be primarily customer service, information technology and administrative jobs.

The company, which provides financing programs for more than 17,000 automotive dealers, said it will invest $19.5 million to lease and renovate a 33,000-square-foot office at 11799 N. College Ave., in a building once occupied by life insurance giant Conseco Inc., which is now called CNO Financial Group Inc.

NextGear will maintain its existing office at 1320 City Center Drive in Carmel.

The company plans to use the new space to house its dealer services, auction services and business development center.

The Indiana Economic Development Corp. offered NextGear up to $1.3 million in conditional tax credits and up to $60,000 in training grants based on the company's job-creation plans.

NextGear Capital is the name adopted by the financial services division of Atlanta-based Manheim Inc. after it acquired Carmel-based Dealer Services Corp. last year.

NextGear officials told IBJ in February that it expects to grow its local employee base from 225 to 450 sometime over the next year through relocations from Atlanta and new hires.

Recent job openings in Carmel posted on the company’s web site include a multimedia web designer, a risk account manager, a risk administrator and an audit-reconciliation representative. The company also recently hired a vice president of industry relations.

NextGear Capital provides automotive financing options for more than 17,000 dealers and 1,000 auctions in the United States and Canada.
 

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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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