Carmel Tech Company Expanding
Carmel-based The Brookfield Group LLC has announced plans to invest $7 million to enhance its headquarters and downtown Indianapolis data center. The tech company says the expansion will result in the creation of up to 31 high-wage jobs by 2021.
The Brookfield Group says the expansion is fueled by growing demand for the company's IT products, including its voice and data cloud services. The company has seen a 35 percent growth in revenue over the past five years because of the demand.
"The Brookfield Group is the perfect example of how Indiana’s tech community continues to invest in itself and support the development of a growing, thriving industry ecosystem," said Elaine Bedel, president of the Indiana Economic Development Corp. "Paired with the state’s robust business climate and local communities’ dedication to innovation, it’s clear that Indiana is primed to be the ideal Midwestern home for tech, helping entrepreneurs propel their ideas and business plans to the next level."
The expansion announcement was made at the grand opening of Carmel's first coworking space, Platform 24, which The Brookfield Group created in partnership with Indianapolis-based The Speak Easy.
The IEDC is offering The Brookfield Group up to $235,000 in conditional tax credits and up to $100,000 in training grants. The company will not be eligible to claim the incentives until Hoosiers are hired.