IBJNews

BlueLock plans $35.6 million investment, 118 new jobs

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • 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.

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

ADVERTISEMENT