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GlassBoard investing $850k in downtown location

Up to 36 new jobs expected by 2020
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Posted at 12:05 AM, Sep 20, 2016
and last updated 2016-09-20 00:05:38-04

INDIANAPOLIS -- Product-development company GlassBoard will investment more than $850,000 to expand its presence in downtown Indianapolis, the company announced Monday.

The company, which was founded just last year, helps clients throughout the country "turn their ideas into products."

The expansion is expected to bring up to 36 new jobs by 2020 that are projected to pay wages more than 50 percent higher than the state average.

Gov. Mike Pence lauded the announcement Monday, saying it was proof of Indiana's strong economy.

“Indiana is the nation’s manufacturing leader, which extends beyond just being home to the highest concentration of manufacturing jobs in the nation. Hoosiers at companies like GlassBoard are also the innovators and engineers behind the development of products we use daily, helping turn ideas into reality,” said Governor Mike Pence. “As a state, we are committed to helping companies like GlassBoard multiply and grow through our plan to invest $1 billion over the next 10 years toward innovation and entrepreneurship in Indiana. Hoosier entrepreneurs need support and resources to grow their businesses, and we’re dedicated to making sure they find that support here in Indiana.”

GlassBoard CEO Randy Parmerlee said the company was excited to expand its presence in Indy.

“Our team is incredibly invested in the Indianapolis area, so we’re excited to build upon the success we’ve already experienced in the product development industry right here in our home state,” said Randy Parmerlee, chief executive officer at GlassBoard. “The new talent we’re seeking to hire will give us the momentum we need to continue growing at a sustainable yet rapid rate. We’re grateful to the Indiana Economic Development Corporation for their support in helping us achieve our ambitious goals.”