Business

Carmel-based auto financing provider plans to add jobs

CARMEL, Ind. (AP) – An automotive financial services provider based in the Indianapolis suburb of Carmel says it plans to add as many as 200 jobs by 2018.

The Indiana Economic Development Corporation said in a news release Wednesday that NextGear Capital plans to invest more than $50 million to lease and renovate its headquarters in Carmel.

The investment would support its expanding customer service and technology divisions.

The development corporation says it has offered up to $1.6 million in conditional tax credits and $85,000 in training grants. The incentives are performance-based.

The company, which is part of Cox Automotive, employs more than 430 people in Indiana, and previously announced an expansion in 2013.

It serves more than 20,000 auto dealers in the U.S., Canada and United Kingdom.

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