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.