Software Company Planning Expansion
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Bloomerang LLC intends to add 70 employees over the next decade. As part of the plan, the software company will purchase and upgrade a facility in Lawrence. October 7, 2013
News Release
LAWRENCE, Ind. – Bloomerang, LLC, a software solutions company to non-profit organizations, announced plans today to expand its operations here, creating up to 70 new jobs by 2023.
“High growth, entrepreneurial companies like Bloomerang continue to discover that it's easier to grow a business in the Hoosier State,” said Eric Doden, president of the Indiana Economic Development Corporation. “Places like Silicon Valley may consider themselves the traditional home to the technology industry, but Indiana continues to compete for and win tech jobs. With our growing connectivity and pro-growth business environment, we offer a competitive advantage that sets us apart, making Indiana a state that works for technology.”
The homegrown-Hoosier company plans to purchase and renovate a facility at Lawrence Village at the Fort in Lawrence. As part of the expansion, which is expected to be complete by 2015, the company will expand its development, customer support, sales, marketing and operations teams. Bloomerang has already begun hiring additional project manager, information technology and developer positions. Interested applicants can visit www.bloomerang.co/about/careers.
“We started in and are expanding in Indiana for the same key reasons,” said Jay Love, founder and chief executive officer of Bloomerang. “The business climate is outstanding, the work ethic of Hoosiers is unmatched and the cost of doing business here is a fraction of the cost in most of the rest of the United States. Others should do the research and comparison and see for themselves.”
Launched by Love in 2012, Bloomerang provides cloud-based software that enables nonprofit organizations to manage, engage and retain their donors. A 2013 Techpoint Mira Award finalist, Bloomerang has tripled its customer base in the last five months alone.
The Indiana Economic Development Corporation offered Bloomerang, LLC up to $700,000 in conditional tax credits and up to $30,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lawrence supports the project.
“Bloomerang's entrepreneurial leader, Jay Love, has a track record of creating successful companies in central Indiana,” said Lawrence Mayor Dean Jessup. “The city of Lawrence is excited that Bloomerang is growing their company on the Fort by adding 70 high tech jobs. These good jobs will lead to stronger neighborhoods in our city.”
About Bloomerang
Indianapolis-based Bloomerang, led by former eTapestry founder and current Avectra Senior Vice President Jay Love, is a cloud-based donor management software tool designed to help small and mid-size nonprofits reach, engage and retain the advocates they depend on to achieve their vision for a better world. For more information about Bloomerang, visit: https://bloomerang.co
About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.