A New York-based pharmacy-automation software firm plans to expand its Indianapolis office, creating up to 420 high-wage jobs in the area by the end of 2023.
Innovation Associates—which does business under the name IA—announced the expansion plan Tuesday morning. IA executives were joined by Indiana Gov. Eric Holcomb and Indianapolis Mayor Joe Hogsett at the announcement.
The company, which sells pharmacy-automation software products to the retail, hospital, federal health care and mail-order pharmacy markets, said it plans to lease, renovate and equip 10,655 square feet on the 15th floor of the 8888 Keystone Crossing office building in Indianapolis. It expects the office to be operational by April.
IA, which already employs 20 people in Indianapolis, said it is hiring for positions in pharmacy, software development, software engineering, mechanical and electrical engineering, product management, help-desk analytics, sales, information technology and human resources.
The firm plans to maintain its national office in Johnson City, New York. The company employs about 400 people in New York and in supplementary field services offices in the United States.
The company said it has installed more than 1,500 pharmacy automation and software systems around the world.
The Indiana Economic Development Corp. said it offered Innovation Associates up to $8 million in conditional tax credits based on the job-creation plans. The incentives hinge on the company’s ability to meet hiring goals.
“We are committed to hiring a diverse, Indiana-based team with a focus on continuing development and innovation across our suite of pharmacy fulfillment solutions,” said IA CEO Marvin Richardson in written remarks. “Indiana provides IA with a great opportunity to find top talent across pharmacy, software development and engineering. Indianapolis allows us to be closer to our customers, and we were also drawn to Indiana because of the strong Indiana economy and the tremendous support of the state of Indiana and city of Indianapolis.”