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Marketing firm plans downtown expansion, move

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Indianapolis-based marketing firm TrendyMinds plans to more than double its staff in the next two years, adding up to 20 jobs as it moves into a former labor union hall downtown.

State economic development officials offered the company as much as $240,000 in performance-based tax credits based on the job-creation plans. The city of Indianapolis has approved a property tax abatement at the request of Develop Indy.

TrendyMinds in October said it planned to spend $1 million to refurbish the building at 531 E. Market St. that formerly served as an office for United Brotherhood of Carpenters and Joiners Union Local 60. Indiana Economic Development Corp. pegged the investment at $964,000 in a Thursday news release.

The building totals 8,300 square feet on three levels to accommodate future growth. TrendyMinds has 16 employees and has begun hiring account executives, graphic designers and website coders.

Workers are expected to move into the building early next year.

Company CEO Trevor Yager started TrendyMinds in 1996 as a senior at Anderson University. The firm specializes in Web design and development, public relations, branding and video production.

 

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  • union hall
    The Peterson administration refused to give the GM plant on the west side a tax abatement; it did give a 10 year abatement and city land to Simon properties, a major Democratic Party donor. Did Trendy Minds donate big to Ballard and Daniels? The story's reporter would do well to investigate and report about the relationship between donations and tax abatements.

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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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