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Marketing firm VMS plans growth, new jobs

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Event-planning powerhouse VMS Inc. plans to invest more than $1.5 million to expand its Indianapolis operation and create as many as 102 jobs over the next four years, state officials said Friday morning.

The locally based company now employs more than 135 and plans to begin hiring additional workers during the first quarter.

Founded in 1995 by Mandy Moore and Neal Rothermel as a meeting planning firm, VMS found a niche in the highly regulated pharmaceutical and biotech industries and grew from there.

It now helps clients manage health care meetings and also assists with strategic marketing, medical-education and patient-adherence initiatives.

"A life science hub, Indiana offers easy access to a number of our clients,” VMS President Andrea Heslin Smiley said in a prepared statement. “Plus, it's home."

Indiana Economic Development Corp. offered the company about $1 million in performance-based tax credits based on its job creation plans. The city of Indianapolis and Develop Indy will support a property tax abatement request  with the Metropolitan Development Commission.

VMS has made the Inc. 500 list of the country’s fastest-growing companies at least three times. In 2007, it reported annual revenue of $30 million a staff of about 70. More recent financial results were not immediately available.

In 2004, it spun off a related firm—VMS Medical Inc, which organizes small, instructional seminars for pharmaceutical companies.

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  • Layoffs
    After laying-off most of their workforce in the past several months, and looking like they will be out of business by the end of the year, where is the accountability for awarding this money to a failing company??? WTHR are you watching???
  • Scam
    How are their revenues from 2007 applicable?! That would be pre-recession and before they took a big hit in their business. This company is notorious for underpaying itâ??s staff (at a level thatâ??s shocking really) and theyâ??re now going to be rewarded with state money?! Just ask their employees about how theyâ??re treated. Itâ??s not pretty. Yet on their website they deceivingly make it sound like they are still on the â??Best Places to Work in Indiana.â??
  • WOW!
    Hiring "workers" is the key word in this article. Over-worked and underpaid. No wonder they profit 30 million plus.

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