HomeAdvisor Beefing Up Indy Presence

Posted: Updated:
HomeAdvisor is currently hiring sales positions in Indianapolis. HomeAdvisor is currently hiring sales positions in Indianapolis.
INDIANAPOLIS -

Colorado-based HomeAdvisor Inc. has solidified plans to expand in downtown Indianapolis. The online home services marketplace intends to more than triple the size of its current central Indiana work force with the addition of 170 jobs in the coming months. In a June interview on Inside INdiana Business Television, Chief Executive Officer Chris Terrill alluded to the scope of the growth and said the 70-member Indy office had quickly become the company's most productive since opening in February. He told host Gerry Dick, "we had always really looked at Indy."

The subsidiary of New York City-based IAC/InterActive (Nasdaq: IACI) says it will invest $1.9 million to expand its current space near Bankers Life Fieldhouse and open an additional office in the city's Mass Ave District. The work is expected to be complete in March.

President Craig Smith says "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 is headquartered in Denver and has additional offices in Colorado Springs, Golden, Kansas City and New York City. Its current work force totals 2,000 and Indianapolis is the only city outside of Colorado where the company has multiple offices.

Up to $1.25 million in conditional tax credits have been offered to HomeAdvisor through the Indiana Economic Development Corp.

For consumers and employees within the sector, the story of the Indianapolis online home services scene continues to become more complex. On Monday, Amazon (Nasdaq: AMZN) Home Services, a competitor of both HomeAdvisor and Indianapolis-based Angie's List Inc. (Nasdaq: ANGI), named Indianapolis one of 20 markets where it was expanding. Late last month, Angie's List announced an unspecified number of job cuts related to a strategy to save $20 million. Angie's List in July removed its longstanding paywall for online reviews and has since reported a surge in new members. The company's most recent earnings report detailed a quarterly net loss of $16.8 million and announced a partnership investment bankers to "explore strategic alternatives" for the future. HomeAdvisor's parent, IAC made an unsolicited, $512 million offer to acquire Angie's List late last year, a move that was rejected by the Angie's List board.

  • Perspectives

    • Spring Cleaning? Add Your Finances to The List

      It's that time of year. Time to freshen-up the house, your closet and the yard. Another important item that should be on your spring-cleaning "to do" list: tidy-up your personal financial situation. Don't know where to begin? Here's an easy four-step checklist!

    More

Events



  • Most Popular Stories

    • Battery Systems Manufacturer Expanding in Kokomo

      Kokomo-based Green Cubes Technology has announced plans to expand its Howard County operations. The company, which manufactures advanced battery power systems, will invest $1.8 million to build a new global headquarters and create more than 70 jobs by the end of 2021. The Indiana Economic Development Corp. says the 20,000-square-foot facility will also serve as the company's technology center and manufacturing site, nearly doubling its current footprint. 

    • Lippert to Break Ground on Manufacturing Plant

      Elkhart-based Lippert Components Inc. will Monday break ground on a new facility at its manufacturing complex in Goshen. LCI says the 107,000-square-foot facility will be used for the manufacturing of I-beams used in nearly every chassis frame the company produces. Financial terms of the company's investment in the facility were not disclosed. LCI manufactures chassis for the towable RV, trailer, park model and residential housing markets. The company says the new...

    • (Service area map provided by Vectren.)

      What Does Vectren Merger Mean?

      A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...

    • Vectren, Texas Company Detail Merger Plans

      A Texas-based energy company with operations in six states has announced a $6 billion merger with Evansville-based Vectren Corp. (NYSE: VVC). Under terms approved by both CenterPoint Energy Inc.'s (NYSE: CNP) and Vectren's boards of directors, Vectren shareholders will receive $72 per share and CenterPoint will assume the Hoosier company's debt. Vectren Chief Executive Officer Carl Chapman says the combined company's natural gas utility operations will be headquartered in Evansville.

    • (photo courtesy Daviess County Economic Development Corp.)

      Manufacturer Adding Production Line in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.