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Interactive Intelligence plans $28M building, 430 hires

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Local software firm Interactive Intelligence Group Inc. announced plans Thursday afternoon for a major expansion of its headquarters that will allow it to add 430 employees statewide by the end of 2016.

The company said it is in negotiations to lease a 112,000-square-foot office building that will be constructed on the northwest side of Indianapolis at a cost of $28 million.

Construction should start this summer with completion slated for the third quarter of 2015.

The company now occupies nearly 300,000 square feet in four buildings near the site.

Interactive Intelligence already has more than 1,000 associates in Indiana and more than 1,900 worldwide.

It said it hired more than 170 new employees in Indiana last year and plans to add more than 300 by the end of the year.

Positions being added are in software development and testing, support services, marketing and various general and administration areas.

Founded in Indiana in 1994, the company has more than 6,000 customers worldwide and had 2013 revenues of $318.2 million.

Interactive Intelligence generated $92.7 million in total 2013 Indiana payroll compensation, the state said.

The Indiana Economic Development Corp. offered Interactive Intelligence up to $8.3 million in conditional tax credits and up to $300,000 in training grants based on the company's job-creation plans. T

The city of Indianapolis will consider an additional tax abatement.
 

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  • Unfortuante reality
    They were seriously considering leaving the state at one point before the current abatement. You also have to consider the number of well paid (and well taxed, income, property, etc.) employees they create. It isn't my favorite thing in the world, but until everyone stops doing it, it's hard for Indy to put their foot down.
  • Congrats to Interactive Intelligence
    But wouldn't it be nice for once for the state to not give away the bank in order to "create" jobs in our state. We're basically subsidizing companies to stay or expand their businesses without paying anything for it. That cost is being passed onto the local tax payers in order to pick up the tab for the cost of road maintenance, public schools and police / fire protection. Eventually local tax districts (like Marion County) will have to asses higher income taxes or a commuter tax in order to make up the difference. Just food for though...

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    1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

    2. If you only knew....

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