Accutech Systems Corp., a wealth management software provider, said it plans to spend $5.5 million to open a new downtown headquarters in its hometown of Muncie, where it will add nearly 50 high-paying jobs over the next four years.
The 32-year-old company said plans to purchase and redevelop a 40,000-square-foot building in the 100 block of Walnut Street. The space previously housed a Sears store that closed in the 1970s. Accutech hopes to move from its current location near Yorktown by the end of the year.
Accutech, which makes software for the investment industry, said the new headquarters will triple its existing space.
The company currently has 78 employees, with 53 in the Muncie headquarters and another 25 working remotely. The company hopes to add 20 employees this year and 47 in total by the end of 2023.
New hires will include trust operations assistants, IT specialists, software developers and software support. The jobs are expected to offer average salaries above both the state and Delaware County average wage.
The Indiana Economic Development Corp. offered Accutech Systems up to $600,000 in conditional tax credits based on the job-creation plans. The city of Muncie is considering additional incentives.