Indianapolis-based Thomas P. Miller and Associates has announced expansion plans. The company intends to add around three dozen jobs by the end of 2017. January 6, 2015
INDIANAPOLIS, Ind. – Thomas P. Miller and Associates (TPMA) has received approval from the Indiana Economic Development Corporation of a package of tax credits and training assistance based on the firm's projected growth of 34 new Indiana based-positions in 2015-2017.
Under the terms of the agreement with IEDC, TPMA will receive up to $370,000 in Economic Development for a Growing Economy (EDGE) tax credits based on the firm's projected 34 new Indiana-based employees created during 2015-2017. In addition, the firm will receive training funds of 50 percent of the cost of training, up to a maximum of $25,000.
“Since 1989 we have been based in Indiana, and are proud to call Indiana home,” said Thomas P. Miller, President and CEO of Thomas P. Miller and Associates. “While we have been fortunate to have grown in size and have expanded our operations throughout the country, the Hoosier state will continue to serve as our base of operations. We are grateful to the Pence administration and the IEDC for not only the tremendous business environment they have created but for their assistance in helping us create home-grown Hoosier jobs.”
Miller attributed the growth to the intensity of his firm's focus on high quality, innovative work as well as the profile of its client base. “Our clients are typically organizations, states and regions focused on aggressively pursuing new opportunities and maintaining their own competitive edge,” he said. The firm provides strategic planning, grant-writing and coalition development services to economic development, workforce development and higher education agencies.
“Indiana is lowering taxes, putting Hoosiers back to work and kindling growth that places us among the top states for private sector job creation in the nation,” said Eric Doden, president of the Indiana Economic Development Corporation. “Talented individuals and companies like Thomas P. Miller and Associates find success here in the Hoosier State, supported by a business climate that encourages – and doesn't penalize – the very things that help our economy grow.”
The state incentives are conditional 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 Economic Development for a Growing Economy (EDGE) Tax Credit provides incentive to businesses to support jobs creation, capital investment and to improve the standard of living for Indiana residents. The refundable corporate income tax credit is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation. The credit certification is phased in annually for up to 10 years based upon the employment ramp-up outlined by the business.
Thomas P. Miller and Associates provides a variety of business services in the public and private sectors focused on strategic planning and analysis, workforce and economic development, health care and grant writing and resource development. Based in Indianapolis, the firm also has offices in Ohio and Kentucky.
Source: Thomas P. Miller and Associates