Company set to put Carmel into NextGear

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CARMEL – An automotive financing company is kicking Carmel into high gear, bringing more than 200 jobs to the city.

NextGear Capital, an automotive dealer financing company, will expand its headquarters in the Hamilton County city, creating up to 225 jobs by 2015.

“This is going to be great for the auto industry, especially great for the City of Carmel,” said Sandy Schwartz, president of Manheim Auto Auctions—the parent company of NextGear.

Manheim is one of the biggest movers and shakers in the auto world—it also runs AutoTrader and Kelley Blue Book.

“They’re going to be some good high-tech jobs, a number of office worker jobs, but most of them (are) technology-based, good paying jobs,” Schwartz said.

NextGear expects to hire the employees over the next 18 months. Gov. Mike Pence said the state can’t stop there.

“We have to stay bold. We have to stay aggressive,” Pence said. “We have to seize every opportunity to make Indiana more attractive for investment that’s the way even in a tough economy Indiana is going to continue to have more good news today like today in Carmel here.”

Carmel Mayor Jim Brainard said it’s about creating an attractive environment to compete for those jobs.

“It’s about great schools, parks, beautiful neighborhoods, good tax environment all those things come together to make it attractive to employees which allow the good employers to come in and succeed here,” Brainard said. “This is an exciting day for Carmel. Two hundred plus jobs is always a good day for a city.”