A firm specializing in advising companies on how to maximize economic development incentives will be moving its office from Keystone at the Crossing on Indy’s north side to downtown Fishers.  Ginovus plans to enter into a 10-year lease to use space in the Switch complex now under construction near Fishers City Hall.

The company’s Managing Director Larry Gigerich told the Fishers Redevelopment Commission he was drawn to Fishers by general business climate in the city.  He also was impressed by the amount of “young human capital” that Fishers has to offer.

The Redevelopment Commission unanimously approved the lease.

Ginovus will occupy roughly 4,800 square feet of office space.  The firm has 10 employees.

This space had originally been earmarked for employees of the Fishers Parks and Recreation Department.  Now that Ginovus will be occupying that space, it would appear the Parks Department workers will remain in their current space at 116th Street and Brook School Road, at least for now.

The lease calls for payments of $8,010 per month the first five years, $8,210.25 per month in years 6 & 7,  and $8,410.50 each month in years 8-10.

In the economic development agreement with Switch developer Loftus-Robinson, the city leases the commercial space from the developer and the city subleases the commercial space in the complex.  The Fishers Redevelopment Commission acts as the landlord, handling the contracts for leasing space for Ginovus, along with other tenants such as Purdue University and Cloud One.

If you want to learn more about Ginovus, check out their Web site at this link.