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BlueLock plans $35.6 million investment, 118 new jobs

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Indianapolis-based tech firm BlueLock LLC is poised to continue its growth spurt, planning a $35.6 million investment at its north-side facility that could create 118 jobs.

City planners have recommended approval of a 10-year tax abatement for BlueLock tied to the project. The city’s Metropolitan Development Commission is scheduled to consider a preliminary abatement Wednesday.

If approved, the tax abatement would save the company an estimated $1.7 million over the 10-year span.

BlueLock announced in January that it nearly tripled its work force last year, growing to 22 employees from eight in 2008.

Documents filed with the MDC indicate it now has 27 workers who make an average of $33.65 an hour. The new positions will pay the same amount.

Founded in 2006, BlueLock provides infrastructure as a service to businesses as an alternative to investing in computer hardware. IBJ Media is among its 70 clients.

The company plans to expand its facility at 6325 Morenci Trail and purchase Web servers and other equipment necessary to expands its so-called cloud computing network.

BlueLock is among several companies owned by Collina Ventures, an investment firm created by local tech entrepreneurs Mark and Karen Hill that also holds local tech firm Cantaloupe and Indianapolis-based Achievant.
 

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  • Another Gimme for Business
    We're in about our 35th year or so of subsidizing (formally) business deals like this. I believe studies have generally concluded they don't make or break start-ups or expansions; it's just that everyone else is doing it and the politicians practically force these tax break offers on them because they're afraid they'll go someplace else. Time to quit that, I say, and make them pay property taxes the way the rest of us do.

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