Information Technology and Economic Development Agencies and Tech Companies and Government & Economic Development and Economic Development and Technology

IT firm plans $24 million data center

July 19, 2010

Information technology firm Lightbound LLC is seeking tax abatements related to a nearly $30 million investment it plans to make in a new data center and equipment in Indianapolis.

The company plans to construct the 50,000-square-foot data center at a cost of $24 million at 650 W. Henry St. near Kentucky Avenue on the city’s southwest side.

Further, it plans to spend $4.9 million on new computer hardware, and telecommunications and related information technology equipment.

Lightbound expects the investment will create 35 jobs with an average wage of $24.76 per hour and will retain 32 jobs at an average wage of $22.97 an hour.

The Indianapolis Department of Metropolitan Development estimates the investments will result in an increase to the tax base of about $18.7 million of assessed value.

The nine-year abatements should save Lightbound a total of $2.5 million, the department said.  

The Metropolitan Development Commission will consider the abatements at its Wednesday meeting.

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