“Indiana’s tech community is on a roll thanks to the spirit and commitment of Hoosier entrepreneurs and innovators across the state,” said Indiana Secretary of Commerce Jim Schellinger. “Companies like Accutech are not only helping advance our economy by developing new solutions with 21st century technology, they’re also propelling our communities forward. With this announcement, it is clear that Accutech will be a true partner in enhancing the quality of place in the Muncie area and in supporting the continued momentum of Indiana’s tech industry and workforce.”
The company, which offers state-of-the-art software solutions for the investment industry, will invest more than $5.5 million to purchase and redevelop a 40,000-square-foot facility in the 100 block of Walnut Street that has been underutilized for decades. The new space, which previously housed a Sears Department Store, will allow Accutech to increase and upgrade its technology and computer hardware in order to scale its workforce and develop new software and operations offerings for clients. The company plans to complete the build out and move into the new headquarters by the end of this year.
“We were quickly outgrowing our current space and looked hard at multiple different options for our expansion. Ultimately, this is the community that I want to invest in, and this project will allow us to continue our expansion in a space three times the size we have today,” said Adam Unger, president of Accutech. “This project is going to allow us to retain our amazing workforce as well as attract more highly-skilled talent to stay in, or relocate to, Muncie. We want to build on the groundwork that has been laid for Muncie’s revitalization, and I am proud to have Accutech bring more density and energy in a commitment to being a long-standing anchor for our downtown’s current and future growth.”
Accutech currently employs 78 associates, including 53 at its Muncie facility and an additional 25 remote workers. To support its growth, the company plans to hire approximately 20 new employees yet this year in a variety of positions, including trust operations assistants, IT specialists, software developers and software support. New positions are expected to offer average salaries above both the state and Muncie-Delaware County average wage. Interested applicants may apply online.
Founded in 1987, Accutech provides innovative wealth management solutions through market-leading software and operations services, providing clients with operations specialists, software functionality, software support, daily processing, a hosted environment, data backup, disaster recovery, software upgrades, hardware upgrades and access to IT specialists.
“The city of Muncie, local foundations, private business owners and so many others have demonstrated a long-term commitment to investing in our downtown,” said Muncie Mayor Dennis Tyler. “Accutech’s decision to choose our central city for their expansion is a testament to the work that has been done to make our city’s core an attractive and vibrant place that is poised for new investment. I am thrilled that we were able to efficiently mobilize and work collaboratively to give this 30-year family business an opportunity to retain and create high-quality job opportunities in our city’s core.”
The Indiana Economic Development Corporation offered Accutech Systems up to $600,000 in conditional tax credits. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Muncie is considering additional incentives at the request of the Muncie-Delaware County Economic Development Alliance.
Accutech fulfills its purpose to make great things happen for other people by delivering innovative trust and wealth management technology solutions and exceptional, personalized service to over 250 banks and wealth management companies nationwide. The company also offers outsourced operations services to its clients, handling many day-to-day “back office” tasks on their behalf. Accutech boasts over 30 years of developing innovative technological “firsts” in its industry, and delivering the kind of service that results in consistently achieving over 98% customer satisfaction. The company also focuses heavily on cultivating a positive and engaging work environment, and has been recognized in the top 100 places to work in Indiana four times, most recently in 2019.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.