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Bell Techlogix plans local expansion, 204 jobs

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Indianapolis-based Bell Techlogix, a provider of information technology services, announced Monday afternoon that it plans to add 204 jobs by 2016 as part of a $1.4 million expansion.

Bell said the investment will go toward leasing, equipping and renovating part of a 100,000-square-foot facility in the Mayflower Business Park at 4400 W. 96th St.  It expects to occupy 53,000 square feet in the building, which should be operational by the end of October.

Indiana Gov. Mitch Daniels was expected to attend the formal announcement on the city’s northwest side.

“Central Indiana has become a national leader in the growth of information technology, and here comes another example,” Daniels said in a prepared statement.

Bell has about 450 employees in the metropolitan area, where it has three locations: two in Indianapolis and one in Plainfield.

The company is a division of Bell Industries Inc., which is headquartered at Keystone Crossing.

Bell already has begun hiring for several positions, including call-center service-desk agents, computer-depot personnel, and IT engineers and architects. The company also plans to fill corporate positions in executive management, sales, marketing, internal IT, human resources and finance.

The Indiana Economic Development Corp. said it will provide Bell up to $1.12 million in performance-based tax credits and up to $125,000 in training grants based on the company’s job-creation plans.

Bell was founded in the 1950s in southern California. It since has evolved into a provider of technology products with locations throughout the nation and nearly 1,000 clients ranging from midsize companies to Fortune 100 corporations.
 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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