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City set to end tax break for tech staffing firm

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Indianapolis-based technology staffing company BCForward won’t fight a Department of Metropolitan Development move to discontinue tax breaks for the firm’s Market Street headquarters.

Formerly Bucher & Christian Inc., BCForward executives were amenable to terminating their 10-year tax abatement, since they didn’t hit job-creation targets laid out in a 2009 agreement, DMD senior project manager Ryan Hunt said. The Metropolitan Development Commission will vote Wednesday afternoon on the termination.

The city’s metropolitan development staff has been reviewing tax-abatement compliance for five firms, and BCForward is the first to come before the commission. Others may ultimately be found in compliance, or the city may renegotiate terms of the agreements.

BCForward expected to add 200 jobs by the end of 2012, but the number by August was 166, Hunt said. That included employees of a non-technology staffing subsidiary, StaffForward. The company also retained 276 jobs, as promised.

Hunt said BCForward's hiring has been significant. “We’re not trying to penalize them,” he said. “We just have to maintain the integrity of the program by holding people to their commitments.”

Many of BCForward's new hires have left the company's payroll for permanent positiions with clients, an unexpected trend that could make it difficult to hit job-creation targets in the future, Hunt said.

The city will not try to claw back real estate and personal-property taxes in this case, as BCForward saved only $4,100 under the first three years of the abatement, Hunt said. Losing the abatement won’t drive BCForward out of the city – the firm recently extended the lease on its downtown offices, he said.

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  • $4100
    Ok - so we are writting a story about a large company losing it's $4100 tax break??

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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