FISHERS, IND. – Flexware Innovation, in partnership with the City of Fishers, announced a $3.5 million development project aimed at establishing a new headquarters building on a parcel located on the north side of the ellipse at the Nickel Plate District Amphitheater. The project will feature a 24,000-square foot Class A office building with plans to break ground fall 2018.
“Scott Whitlock and his team are dedicated to growing in Fishers and have been part of our community since the beginning, and I look forward to having Flexware Innovation join the Nickel Plate District’s growing list of companies that call it home,” said Fishers Mayor Scott Fadness. “The Flexware Innovation Building is a great addition to our downtown as we continue to fulfill the vision of a vibrant downtown center.”
The Flexware Innovation Building will feature 12,000 square feet of office space for the company and build-to-suit space for the remaining. City of Fishers will construct a 100-space public parking lot which will be free and open to the public after 6:00 p.m. Monday through Friday and all weekend hours.
Scott Whitlock, President of Flexware notes “Flexware came to Fishers before there was a strong tech community, Launch Fishers, and the IoT Lab. We are so excited about Fishers’ vision of being a smart, vibrant, and entrepreneurial City and believe the downtown location will help as a recruiting tool for our firm. The only downside about moving from our current location in Fishers is not being able to keep the address on Technology Lane.”
The Flexware Innovation Building joins the growing list of developments in downtown Fishers, with $340 million in investment since 2015. Flexware Innovation announced plans to create 68 new, high wage jobs in fall 2017. The IEDC offered Flexware Innovation Inc. conditional tax credits and training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
The City Council will consider the terms of this agreement at the April City Council meeting. The economic development agreement for the project outlines a capital investment commitment from Flexware Innovation of $3.5 million and incentives from the City of Fishers totaling $266,404.77. The City of Fishers, pending approval by the City Council, supports this project through tax abatement and impact fee waivers. The terms of the project are subject to clawbacks in the event the project does not proceed.