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Employee benefits firm plans Indianapolis expansion

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Employee benefits provider Apex Benefits Group Inc. said Monday that it plans to expand in Indianapolis, creating up to 25 high-wage jobs by 2016.

The company, now based at Keystone in the Crossing, plans to invest $1 million to lease and equip a new facility for its headquarters at 3755 E. 82nd St. As part of the project, the company will purchase new furniture, computer hardware and software for the 7,329 square-foot office building.

The company plans to begin hiring additional sales and professional workers in Indianapolis this September. The jobs will earn an average wage of $44 an hour.    

"As health insurance costs continue to climb and the federal regulatory environment becomes more complex, employers are increasingly relying on specialists like us to help them develop and manage employee health and wellness plans," said John Gause, president of Apex Benefits.

Apex is one of a handful of central Indiana benefits brokers that has grown rapidly in recent years without acquiring other firms.

Founded in 2003, Apex has more than 25 employees and operates satellite offices in Tippecanoe and Owen counties.

The Indiana Economic Development Corp. offered Apex up to $400,000 in tax credits and up to $45,000 in training grants based on the company's job-creation plans. The city of Indianapolis plans additional incentives.
 

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  • Wow
    Yet another benefits company. Must be a million of these in the US. No wonder healthcare is so expensive, with all this overhead.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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