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

Cory Schouten
May 10, 2012
Keywords
Economic Development, Economic Development Agencies, Economic Development Incentives, Government & Economic Development, Greenwood, Indiana Economic Development Corp., Internet, Job Creation, Johnson County, Manufacturing & Technology, Regional News, Tax Credits, Technology
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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.

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