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IT firm receives abatement for job-growth plans

IBJ Staff
December 2, 2009
Keywords
City Government, Economic Development Incentives, Government & Economic Development, Information Technology, Job Creation, Local Government, Manufacturing & Technology, Tax Abatements, Taxes, Technology
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Indianapolis’ largest computer consulting firm on Wednesday received 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, presented its request at a public hearing in front of the Metropolitan Development Commission. IBJ first reported the company's expansion plans in a story Tuesday.

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.

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 by about $40,000, according to estimates.

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.

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


  

 

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  • Bend Me Over!
    FrankMarch 10, 2010 12:05 AM
    Nothing I like more than to know I'm subsidizing someone's $50-60/hr. job! Yeah, and like they really need it, too. Gimme a break!!!!
    Reply to CommentFlag Comment
  • benefits to whom?
    Steve TegardenDecember 3, 2009 2:21 PM
    I understand and generally endorse tax abatements, however, this is one of many instances with potentially adverse consequences for the abating authority - in this case the city of Indianapolis. The city forgoes the tax revenue. The city provides services for the company and its employees - roads, police and fire, trash service, etc. Those earning the $55 to $65 per hour often take those earnings to surrounding jurisdictions where they buy homes and pay property tax, purchase goods and services and pay taxes, etc. With many of the city's tax exempt properties (hospitals, universities, etc.) the minimum wage earners reside in the city and require a high level of municipal services, while the upper wage earners (again) take their earnings out side the city where their tax dollars support higher levels of municipal service with a lower tax burden.
    Reply to CommentFlag Comment

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