A Hamilton County company is relocating to Carmel in the near future and doubling its workforce.
Mainstreet Property Group, LLC, will move its headquarters to Clay Terrace by the end of this month and add 25 new jobs by 2015. The developer of senior housing and care facilities will begin hiring development and management positions later this year.
Company Chairman Zeke Turner said in a news release Mainstreet will continue to own its current Cicero facility, but will invest nearly $1 million in its new 7,120 headquarters on the second floor of Clay Terrace.
“We are pleased that Mainstreet Property has chosen to relocate their offices in Carmel at Clay Terrace,” Mayor Jim Brainard said in the release. “This is exactly the type of opportunity that provides a good match for our professional work force. The city realizes a long term gain through economic development and job growth when a company decides to invest in our city.”
Mainstreet Property, which was recently mentioned in Inc. Magazine’s annual list of 500/5000 Fastest Growing Private Companies, joins Baldwin & Lyons, GEICO, NextGear Capital, Polleo Systems and Allegient as new business arrivals to Carmel. According to the release, the companies will create more than 1,570 jobs and invest nearly $64 million in their Carmel operations.
The Indiana Economic Development Corporation offered Mainstreet up to $325,000 in conditional tax credits and up to $20,000 in training grants based on its job-creation plans.