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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. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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