A Bloomington-based tech-consulting firm announced Thursday that it will move its headquarters to the Stutz building in Indianapolis and create a total of 76 jobs in the two cities over the next five years.
The company—previously known as LucidCorps—has changed its name to Lucid Services Group in an effort to better reflect its forays into IT and engineering services.
Lucid partners with what it calls leading and emerging high-technology and software start-ups in the medical device, embedded systems and internet of things industries.
It plans to hire for new IT, engineering, technical sales and operations resources jobs. The new positions—which will be added to the company’s offices in Bloomington and Indianapolis as well as on-site with clients—are expected to pay salaries that are more than double the state’s average wage of $21.21 per hour.
A company spokeswoman said about 50 of the new jobs will be in Indianapolis. The firm currently employs 15 full-time workers, who are based at the company’s offices and on-location for its clients.
"Lucid is excited about the chance to grow as a part of Indiana's burgeoning technology landscape," Lucid CEO Bethany Robinson said in a statement. "We see both opportunity, and talent in central Indiana and can leverage this into the growth that we are forecasting against current client needs."
The Indiana Economic Development Corp. offered Lucid up to $1.4 million in tax credits and up to $200,000 in training grants based on the company’s job-creation plans. The incentives are performance based, meaning the company can't claim them until workers are hired.
Lucid officials said they have rented 600 square feet in the Stutz Business and Arts Center—a former car plant that has been turned into art studio and office space at 10th Street and Capitol Avenue—for its headquarters. They chose Stutz because of its central location and that office will open later this month.
"The Stutz building is a fantastic place for Lucid to grow," John Galligan, the company’s chief operating officer, said in a statement. "We're surrounded by fellow technology companies, close to many of our major customers, and most importantly, right in the action that downtown Indy has to offer."
Galligan said the "already strong talent base" in Indianapolis helped lure the company to the city and keep it in Indiana.
Lucid has grown its business more than 400 percent this year as the demand for professional services work has increased. It does business with firms in Indiana, Ohio, Kentucky and New York.
In particular, Lucid officials said customers are seeking non-traditional recruitment options.
"We are seeing not only here in Indiana, but also on a national level, an aggressive pace of innovation and demand for new products and services," Galligan said in a statement. "Our team and our practice is evolving to deliver customers what they need in this transforming landscape."
Source: IBJ e-daily, October 12,2017