Companies Growing in Central Indiana

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Two companies are expanding in central Indiana. The plans from consulting firm HRD Advisory Group and limestone and mineral company NALC involve millions of dollars in investments and around 40 new jobs.

April 21, 2015

News Release

Carmel, Ind. -- Two companies today announced plans to expand their operations and create 40 new jobs in central Indiana.

"When you build a business climate like Indiana's, you'll soon discover that a wide array of industries start thriving," said Eric Doden, president of the Indiana Economic Development Corporation. "From professional service firms to natural resource processors, our low taxes, reduced regulation and climate for skyrocketing success help all companies grow and thrive here."

HRD Advisory Group, a full-service human capital consulting firm, will invest $494,800 to equip its 5,000 square-foot offices in Carmel with new IT equipment to serve its client base of companies across central Indiana. Formerly known as HR Dimensions, the company merged with Chicago-based WIA Group last year, allowing it to expand its product offerings to include the consulting and managing of retirement plans, employee benefits, wealth management, executive compensation plans and property and casualty insurance. HRD Advisory Group has already begun hiring client service executives and consultants, with plans to create up to 25 new jobs by 2019. Interested applicants may apply by emailing a resume to Mark McNulty at markm@hrdimensions.com.

NALC, a limestone and industrial minerals company, will invest $5 million to establish a second limestone quarry and fine-grind facility in Cloverdale, one-half mile from its current 174-acre operations. Activity at the new 181-acre site will include the extraction and processing of high calcium carbonate limestone to be sold as an animal feed supplement, a fertilizer for agricultural purposes, an ingredient in the manufacturing of glass, a pollution control product for power plants, a safety application in underground coal mines and a filler for product manufacturing and other industrial applications. Serving a diverse collection of industries, the company anticipates its new quarry and fine-grind operation to be operating by October. The company, which currently employs nearly 30 Hoosiers, plans to create up to 15 new jobs by 2016. Interested applicants for administrative, equipment operator and quality control positions may apply at the company's Cloverdale campus, with hiring expected to begin this summer.

The Indiana Economic Development Corporation offered HRD Advisory Group, LLC up to $250,000 in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. NALC, LLC was offered up to $110,000 in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is ineligible to claim incentives.

The city of Carmel supports HRD Advisory Group, LLC's project. Putnam County approved additional incentives for NALC, LLC at the request of the Greencastle/Putnam County Development Center.

About HRD Advisory Group

HRD Advisory Group, LLC is uniquely positioned to offer a fully integrated approach to talent management including executive search, leadership development and coaching, compensation consulting and career transition, together with the full range of products and consulting in employee benefits, retirement plans, wealth management and risk management.

About NALC

Founded in 2008, NALC, LLC began with the development of the greenfield quarry and added the first fine grind facility in early 2011. The company now controls more than 8 million tons of high quality reserves in Cloverdale, Indiana.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana's economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.

Source: Indiana Economic Development Corp.