Fast-growing HomeAdvisor, one of the top companies in the home-services market and a fierce rival of locally based Angie's List Inc., announced Thursday morning that it plans to expand its downtown Indianapolis operations, creating up to 170 jobs by 2017.
The Denver-based company, a subsidiary of New York-based IAC/InterActiveCorp, will invest $1.9 million to expand existing space at 1 Virginia Ave. by 5,444 square feet and add an 8,000-square-foot office in the Marott Center at 342 Massachusetts Ave.
Home Advisor early this year opened its Indianapolis office, which now employs more than 70 workers. In a July interview with IBJ, CEO Chris Terrill called the new office—which has hired a number of former Angie's List employees—a big success. "I always knew we'd do well. I didn't think we'd do this well this fast," he said.
In a written statement released Thursday, HomeAdvisor President Craig Smith said: “Our Indianapolis team offers unrivaled talent and energy—and we look forward to expanding our presence in the Hoosier state. With domestic revenue up 39 percent year over year, the company is on an incredible trajectory. The opportunity for employees to grow and succeed is significant.”
HomeAdvisor targets urban neighborhoods for all its offices. In addition to its Indianapolis and Colorado offices, the company has outposts in Kansas City and New York City. Indianapolis is the only city where the 2,000-employee company has multiple offices.
The Indiana Economic Development Corp. offered HomeAdvisor Inc up to $1.25 million in tax credits based on the company’s job-creation plans. The tax credits are performance-based, meaning the company is not eligible to claim them until workers are hired.
Last fall, the parent of Home Advisor offered to buy Angie's List for $512 million,but the Indianapolis company rejected the offer.