A Bloomington-based tech-consulting firm announced Thursday it will move its headquarters to the Stutz building in Indianapolis and create 76 new jobs in both cities over the next five years.
The company—previously known as LucidCorps—has also 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.
A company spokeswoman said about 50 of the new jobs will be located in Indianapolis. The firm currently employs 15 full-time associates, who work both 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 released Thursday morning. “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 Corporation offered Lucid up to $1.4 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. The incentives are performance based, meaning until workers are hired, the company is not eligible to claim incentives.
“Indiana’s growing list of Hoosier-founded and Hoosier-run technology companies shows what we’ve long known: Indiana is a national leader in innovation,” IEDC President Elaine Bedel said in a statement. “Companies like Lucid Services Group are finding a firm footing for growth in Indiana because of the state’s excellent climate for small businesses, as well as a strong pipeline of skilled Hoosier workers and students ready to help solve challenges and advance new solutions.”
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,” said John Galligan, the company’s chief operating officer. “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.”