More than 120 new jobs could be coming to Hamilton County over the next four years as a result of two planned expansions. Carmel-based Lumavate LLC, a software developer, is looking to add more than 90 workers by 2020 and pump $450,000 into growing its headquarters. DuraMark Technologies Inc., a digital printing company, has already begun construction on a $3 million headquarters and plans to double its Indiana work force. The Indiana Economic Development Corp. says both companies plan to pay wages higher than the state average.
Lumavate is a cloud-based business that secured $1.75 million in funding in February. Chief Executive Officer Paul McGrath leads a team that includes Robert McLaughlin and John Lawrence, who helped found the Indianapolis company previously known as Aprimo. Lumavate develops microsites made specifically for individual product lines of manufacturers in fields from industrial equipment to consumer appliances. The company currently employs 11 and says the new jobs will pay twice the state average.
DuraMark prints safety and branding decals and has been working to expand since late last year. Construction on its new 17,500 square-foot facility started in February and is set to be complete in August. It will replace its old home, which was built in 2008. DuraMark supplies companies in the agriculture, construction, health care, transportation and marine sectors and has clients that include Toyota. It has a presence in Indiana, Wisconsin and Washington State and currently employs more than 53 workers, most of which are in Indiana. By 2020, DuraMark plans to add more than 30 jobs, which the IEDC says will pay wages that will be more than 50 percent higher than the state average. It is hiring sales, project/account managers, business analysts and administrative positions.
The state has offered Lumavate up to $1.3 million and DuraMark up to $350,000 in conditional, job-creation-related incentives.