The City of Fishers recently announced growth from startup firms VendorJump, Ultimate Automation and Sales Tuners, which are all led by entrepreneurs from Launch Fishers. The growth plans include 82 new jobs and approximately $2 million in capital investment to Fishers.
“When John Wechsler and I co-founded Launch Fishers, the goal was always to create a self-sustaining entrepreneurial hub that would organically support and grow companies,” Fishers Mayor Scott Fadness stated in a press release. “As we’ve started to see successes such as these today, it’s not only a testament to the ecosystem here in Fishers, but more so to the dedication of these entrepreneurs who continue to grow and prosper.”
Sales Tuners is a tech podcast, and it announced it will add 25 jobs by 2021. Ultimate Automation, a technology systems provider, will add 31 new jobs by 2021. VendorJump, an e-commerce retailer, will add 26 new jobs by 2021.
The Indiana Economic Development Corp. offered incentives to all three startup firms. Incentives include $325,000 in conditional tax credits and up to $50,000 in training grants to Ultimate Automation; $255,000 in conditional tax credits and up to $50,000 in training grants to Sales Tuners; and $185,000 in conditional tax credits plans and up to $65,000 in training grants to VendorJump. The incentives are performance based.
“Indiana’s momentum as a hub for innovation continues to grow as Hoosier startups develop 21st-century solutions,” stated Elaine Bedel, president of the IEDC. “With a focus on enhancing Indiana’s entrepreneurial ecosystem and driving our talent pipeline forward, we are cultivating an environment that is ripe for innovators to thrive. As we continue to equip our job creators with the tools they need to grow, we look forward to witnessing Indiana’s entrepreneurs succeed as they develop technology-based products and services that are geared for the future.”
For more, visit fishers.in.us.