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

    • I Lost My Engagement Ring!

      You lose something of value and your first question is "is it covered?" Insurance policies provide a limited amount for such losses, but generally not enough to cover expensive items. To be fully reimbursed, what do you do?   When you purchase a standard homeowners or renters insurance policy, you assume all your personal property is fully protected in the event of a loss. That’s not necessarily true. Items of significant value, as well as any exclusive...

    More

Events



  • Most Popular Stories

    • Hoosier Cities 'Lowest Cost of Living' List

      Three communities top a national list of Cities with the Lowest Cost of Living in America. Niche.com, a site that focuses on public data on schools and neighborhoods, ranks four Indiana cities in the top 20. The site bases the rankings on factors including consumer price index and access to affordable housing, using data from the U.S. Census and the Bureau of Labor Statistics. You can see the full rankings by clicking here. The top 20 are...

    • Lilly Announces $72M Indy Investment

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced plans to invest $72 million in an insulin manufacturing project at one of its Indianapolis facilities. The company says the investment will replace an existing insulin vial filling line and allow it to meet growing demand for its insulin products. The project is part of the $850 million in U.S. investments that Lilly announced in March. Chief Executive Officer David Ricks says the move...

    • Technicolor Details Indy Layoffs

      California-based Technicolor Inc. says it will close its office on the north side of Indianapolis by the end of the year. In a notice to the state, the company says the closure will leave 95 employees out of work. 

    • Another Tech Company Adding Indy Jobs

      Indianapolis has landed another win in what has been a busy week for the city's burgeoning tech industry. Software company myCOI has announced plans to expand its Indianapolis headquarters and create up to 185 jobs by 2021. The company, whose platform tracks and manages certificates of insurance, won last year's Venture Club of Indiana Innovation Showcase. Its clients include Caterpillar Inc. (NYSE: CAT), Cushman and Wakefield and the Indianapolis Motor Speedway.

    • Team 360 Stays in Indy For Expansion

      Indianapolis-based Team 360 Services has announced expansion plans that could result in nearly 140 jobs over the next two years. The fire protection and building services company currently employs more than 300, the majority of which are in Indianapolis. During an interview in March on Inside INdiana Business Television, Chief Executive Officer Michael Crafton talked about how a "bro hug" after a night out in Indianapolis helped launch Team 360 a decade ago.