Two Tech Companies Investing Millions, 60+ Jobs Total

Two Tech Companies Investing Millions, 60+ Jobs Total

Two technology companies have recently made major job creation and investment announcements, furthering the state’s epic tech industry momentum. Take a look at their announcements below:


The Brookfield Group, a full-service technology company, announced plans to expand its operations in central Indiana, investing in its Carmel headquarters and downtown Indianapolis data center. As part of its growth, the company plans to create up to 31 new high-wage jobs by 2021.

The company, which specializes in helping small businesses customize their technology systems, will invest $7 million to enhance its central Indiana operations, installing high-availability voice and data systems, on-demand storage, cloud failover systems and complete scalable virtual systems at its 11,000-square-foot headquarters at 12400 N. Meridian St. in Carmel. It addition, The Brookfield Group will update its downtown Indianapolis data center to accommodate the growing demand for its voice and data cloud services. Over the past five years, the company’s revenue has grown by 35 percent annually as the demand for its IT products – including hosted private cloud services, Office 365, hosted voice services and managed IT services – continues to grow.

In addition to investing in its operations, The Brookfield Group has also partnered with Indianapolis-based The Speak Easy to open a 10,000-square-foot co-working space in the same building as its headquarters. Platform 24, which officially opened recently, is Carmel’s first co-working space and will allow The Brookfield Group to help support other innovators and entrepreneurs in the community.

“Carmel, Indiana, has been home for The Brookfield Group for 30 years,” said Fadi Abdallah, founder and chief executive officer of The Brookfield Group. “Giving back to the community that supported you is the right thing to do. Carmel is a growing community and The Brookfield Group is dedicated to its success.”

The Indiana Economic Development Corporation offered The Brookfield Group LLC up to $235,000 in conditional tax credits and up to $100,000 in 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 of Carmel supports the project, and the city of Indianapolis supports the project in partnership with Develop Indy, a business unit of the Indy Chamber.


EduSource, a custom software development firm, announced plans to expand its operations in Carmel, creating up to 30 new high-wage jobs by 2019. Through an emphasis on coaching, EduSource hires a network of student apprentices who work directly with full-time senior engineers to build custom software for clients. With its model, the company has grown its revenue by 230 percent in the past year.

To support this growth, EduSource will invest $1.1 million to lease and equip a new 7,000-square-foot office in Carmel, which is slated to be more than five times larger than its current office at 9800 Association Court. With plans to be operating in the new facility by August, the company’s expanded space will allow it to focus part of its office solely on training students in custom software development.

“Indiana has a strong core of technology-focused universities – schools like Purdue University, which has had a solid reputation for engineering since the 1800s,” said Jason Beutler, founder and president of EduSource. “But you also have private schools, like Taylor University and Rose Hulman, that have incredible programs. When you couple that with a reasonable cost of living and the friendly, hardworking ethos of Hoosiers, you have an ideal base for a company that is working to equip the future.”

The Indiana Economic Development Corporation offered Jrbeutler Inc. (dba EduSource) up to $300,000 in conditional tax credits and up to $120,000 in 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 of Carmel supports the project.

“The backbone of any great company consists of its employees working hard to meet the needs of their customers,” said Carmel Mayor Jim Brainard. “That holds true for our city and for any company, regardless of the product. We work hard to attract a variety of high-tech, good-paying jobs and it’s encouraging to see the expansion of a company whose purpose is to ensure those new employees are as productive as possible.”