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IT management firm BlackInk plans downtown expansion

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Technology management firm BlackInk IT plans to expand its downtown headquarters, adding 30 workers by 2017, the Indianapolis-based company announced Friday morning.

BlackInk, which contracts with small and-mid-sized businesses to serve as their IT departments, said it plans to spend $244,500 to add equipment at its 6,000-square-foot headquarters at 277 E. 12th Street.

The Indiana Economic Development Corp. offered BlackInk IT up to $300,000 in conditional tax credits and up to $40,000 in training grants based on the firm’s job-creation plans.

The 20-year-old company began the expansion in November and has started the process of hiring system engineers, network engineers and support representatives.

The firm currently has four full-time workers and other contract employees in Indiana. It also has employees outside the state handling clients in California and Texas.

BlackInk spokesman Doug Allgood said the new hires will be full-time employees in Indiana making an average wage of $34.63 per hour. The company expects to reach its hiring goal by 2016, he said.

The city is considering an additional tax-abatement request.

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  • event management
    Technology event management firm BlackInk IT plans to expand its downtown headquarters, adding 30 workers by 2017, the Indianapolis-based company announced mondey morning.
  • Its the Math
    Lets see...SPEND 244,000 get 340,000 tax break = profit of 96,000. Love that math. How do I get on this gravy train?
  • Seriously????
    Are you kidding me?They have four full time employees and plan to spend a couple hundred thousand dollars? How does that come even close to justifying a tax break? Businesses here spend far more than that on expansion without asking for breaks. This practice should just stop. Maybe businesses like mine should ask for a tax break for staying in business? IEDC is seriously flawed.
  • giving away money for future jobs
    How many times has the state given incentives and money to IT firms which have not proven their worth. It seems that the state would be better served if this money were given to advanced manufacturing facilities, design and development, etc., this is nothing more than promises with money given up front. If they promise th jobs would be in Indiana rather than perhaps in other states and no H1B's.

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