Three area companies plan expansions, more jobs

Three Indianapolis-area companies on Tuesday announced plans to expand operations in return for tax incentives from the state.

If plans come to fruition, PolicyStat LLC of Carmel and Ace Technologies LLC and Central Marketing Transport Services  of Indianapolis  will add 111 employees over the next decade, the Indiana Economic Development Corp. said.

Ace Technologies

The engineering firm and systems integrator plans to spend $488,220 on new technology equipment for its headquarters at 7301 E. 90th St., allowing it to add 25 new employees by the end of 2019.

The company, founded in 2002, now has about 30 workers.

Ace specializes in automation engineering, computer-system validation, commissioning and qualification. The expansion is expected to help the company extend its customer base from the eastern half of the country to the West Coast.

The IEDC offered Ace up to $200,000 in conditional tax credits and up to $60,000 in training grants based on the job-creation plans.

Central Marketing Transport Services

CMTS, a third-party logistics provider founded in 2013, said it will spend $638,000 to expand its downtown headquarters, adding 37 jobs by the end of 2019.

The company, which has three employees, said it will lease most of the second floor at 101 W. Ohio St. It plans to begin hiring for sales, operations and back office positions immediately.

The IEDC offered CMTS up to to $315,000 in conditional tax credits based on the job-creation plans.

PolicyStat

The software development firm plans to spend $712,000 to lease and equip a new 8,000-square-foot office space at 550 Congressional Boulevard in Carmel, allowing it to add 49 workers by the end of 2024.

The company, which markets quality and compliance management software, currently has 18 full-time employees.

PolicyStat was offered up to $740,000 in conditional tax credits and up to $35,000 in training grants based on the job-creation plans.