IBJNews

Fast-growing One Click lands $1M state incentive deal

Back to TopCommentsE-mailPrint

Greenwood e-commerce company One Click Ventures LLC could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.

The incentive package, scheduled for an announcement led by Gov. Mitch Daniels Thursday morning, is a sweetener to a deal the company reached in February with the Greenwood Redevelopment Commission.

The $1 million in state aid consists of $950,000 of performance-based tax credits and $50,000 in training grants.

Greenwood offered the company $495,000 in up-front cash and up to $336,000 in additional hiring incentives to help it move into a former M&I Bank call center at 1300 Windhorst Way. One Click said it has invested more than $2 million in the building.

The company, which acquires and operates niche retail websites such as HandbagHeaven.com and SunglassWarehouse.com, already employs 50 people, 26 of whom it hired this year, said chief marketing officer Scott Brenton, who joined the company from Angie's List in April.

Brenton said One Click expects to hire the additional staff members by 2015. The positions will pay an average of $17 per hour and will include office and warehouse fulfillment positions.

The company's deal with Greenwood calls for payments to the company of $6,500 per employee for everyone it hires who resides within Greenwood, Clark or Pleasant townships. The company gets $4,000 for other employees in Johnson County and $3,000 for those who live outside the county.

The city also agreed to give One Click $200,000 for its down payment to buy the building and another $48,000 per year for maintenance for at least five years.

The company's revenue jumped from $2 million in 2009 to $5.3 million in 2011, according to data provided to IBJ. Angie and Randy Stocklin started the company out of their home with $20,000 in 2005.

ADVERTISEMENT

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. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

ADVERTISEMENT