Hoosier Company Announces Expansion
Indianapolis-based Express Motor Vehicle Administration Corp. is planning to expand its headquarters and add jobs. The auto title services processor intends to invest nearly $700,000 and create 20 jobs by 2015. September 4, 2013
INDIANAPOLIS, Ind. – Express Motor Vehicle Administration Corporation (Express MVA), a provider of managed services for auto dealers, insurance companies, corporations and financial institutions, announced plans today to expand its operations here, creating up to 20 new jobs by 2015.
“Express MVA's innovative solutions for the motor vehicle industry has helped both public and private entities increase efficiencies, provide better tracking, and reduce operating costs,” said Indianapolis Mayor Greg Ballard. “Having inventive companies like Express MVA located in Indianapolis to provide support services to our businesses is key to providing a well rounded business climate. To see a company like this grow in our city is a good thing.”
The homegrown-Hoosier company will invest nearly $700,000 to expand and equip its current facility to 20,000 square feet at 3960 Southeastern Ave. in Indianapolis. The expanded facility, which is expected to be operational by November, will allow Express MVA to provide expedited title, registrations and renewal processing for its growing market in Indiana.
Express MVA, which currently employs 23 full-time associates in Indiana, will begin hiring customer service specialists in October. Interested applicants can learn more by visiting www.expressmva.com/careers/careers.html.
“We see a long future in Indiana for Express MVA,” said Doug Pillow, chief financial officer of Express MVA. “Since we began operations, we've been pleased with the ease of doing business here. We pride ourselves in our ability to provide services above and beyond expectations for our clients, and we're happy that we can achieve that in Indiana.”
Founded in 2009, Express MVA is the largest automotive title processor in the state, serving more than 1,000 auto dealers, auctioneers and corporations across the state. The company provides several online and software-based services such as Express VLV, which allows auto dealers to check for primary and secondary lien information. Express MVA has the exclusive endorsement of the Automobile Dealers Association of Indiana.
“Having homegrown support services like Express MVA reduces overall operating costs for Indy's businesses,” said Brian Gildea, Vice President and Executive Director of Develop Indy, a business unit of the Indy Chamber. “This creates an attractive setting for businesses across the nation to consider our city when moving operations. Having strong support networks within the same city as your operations creates a number of benefits for companies considering bringing jobs to Indy. This is the type of environment we are striving to grow.”
The Indiana Economic Development Corporation offered Express Motor Vehicle Administration Corporation up to $115,000 in conditional tax credits 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 Indianapolis supports the project at the request Develop Indy.
“Because Indiana is a state that works, companies that could operate anywhere choose to operate here,” said Eric Doden, president of the Indiana Economic Development Corporation. “With our low-tax, pro-growth business environment, companies like Express MVA can focus on innovation and developing efficient methods to serve the needs of a growing client base.”
Express MVA is the latest company to expand in Indianapolis, joining the region's growing high-tech and business services hub. Just last week, professional services and information technology firm Knowledge Services announced plans to grow its Indianapolis headquarters, investing $842,000 to lease and equip an additional 5,500 square feet of office space and hiring up to 400 new associates by 2018.
About Express MVA
Express Motor Vehicle Administration was founded in 2009 and is owned by Doug Pillow and Kevin Calvert. In 2012 they became the state's largest title processor and are serving over 1000 auto dealers, corporations and individuals across the state. For more information please visit www.expressmva.com.
About Develop Indy
Develop Indy, a business unit of the Indy Chamber, is Marion County's local economic development organization. Develop Indy is dedicated to attracting new businesses, retaining and expanding existing businesses and serving as a catalyst for capital investment and quality job growth in Indianapolis/Marion County. For more information, visit www.developindy.com.
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 Indy Chamber