Cloud One, a tech firm recently touted by the Indianapolis Business Journal as Number 4 among local growing private companies, will be moving its headquarters from the far north side of Indianapolis, near 92nd and Meridian, to the new Switch complex in downtown Fishers, which is currently under construction.

CloudOne will receive up to $1.7 million in conditional state tax credits based on its job creation plans from the Indiana Economic Development Corporation.  According to the joint news release from Fishers and Cloud One, these tax credits are performance-based, meaning until Indiana residents are hired, the company is not eligible to claim incentives.

The company projects to add 64 new full-time positions by 2019.  All current Cloud One workers now at the Meridian Street location in Indy will be moving to Fishers.  The firm expects to make the move this fall.

The business will be occupying the entire third floor of the Switch building on the Fishers municipal grounds near City Hall, covering 11,518 square feet of space.