IBJNews

Local IT consulting firm plans to add 200 workers

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis’ largest computer consulting firm is seeking property-tax abatement relating to its plans to create 200 high-paying jobs and invest $600,000 in new equipment.

Bucher & Christian Consulting Inc., located on the 13th floor of downtown’s Market Tower, will present its request at a public hearing Wednesday in front of the Metropolitan Development Commission.

The company said in a filing with the commission that the 200 employees it plans to hire will earn an average salary of $63.38 an hour. The tax abatement also should help it retain 276 jobs paying an average of $55.11 an hour. The filing did not disclose how long it would take to create the new jobs.

Bucher & Christian has enjoyed explosive growth in recent years and could expand its work force to more than 650, including the 200 employees it expects to hire.

The company has added 150 jobs in the past three years, growing its staff to a total of 458. Based on employment, it is the city’s largest computer consulting firm, according to IBJ statistics.

The company also ranks as Indianapolis’ largest minority-owned business in terms of employee numbers.

If approved, the 10-year abatement would become effective in 2010 and would reduce the taxes Bucher & Christian pays on the computer hardware and software it plans to purchase.

The abatement already has been recommended for approval by Metropolitan Development staff.

Justin Christian and Tony Bucher founded the company in 1998. Bucher left the firm earlier this year.

Christian did not return phone calls seeking comment about the firm's plans, but e-mailed the following response: "Indianapolis has served as our global headquarters for more than a decade and we are excited by the opportunity to invest in this marketplace for years to come. We look forward to confirming our future plans in the weeks ahead."

Jim Jay, president of the Indianapolis-based technology trade group Techpoint, applauded Bucher & Christian for its efforts to expand its presence in the city.

“They’re certainly a company we want to keep in the local market,” he said.

  
 

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. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. 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.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

ADVERTISEMENT