NEW ALBANY, Ind. (Nov. 14, 2017) – SmartBox, creator of an industry-leading Patient Attraction System designed to help dentists attract more patients, received preliminary approval from the New Albany Redevelopment Commission on Tuesday for assistance with its $1.18 million expansion. The request will now move to the full city council, which meets on Thursday
SmartBox Founder and CEO Colin Receveur said, “New Albany has always been home for me, and I appreciate everything my family and the community have done to help SmartBox succeed. With this expansion, I hope not only to continue to successfully grow SmartBox, but also to provide meaningful employment with good salaries in the city that has shown my company so much support.”
The expansion is planned for the company’s headquarters at 821 Mount Tabor Road in New Albany, Ind. Company representatives will ask the City of New Albany for assistance with training new and existing employees in the form of a one-to-one match, up to $20,000 annually, through the year 2020. SmartBox anticipates creating up to 100 new, high-wage jobs, in addition to the 80 currently employed.
“SmartBox is a prime example of the kind of company New Albany fosters,” said Mayor Jeff Gahan. “We have always been a city that welcomes and supports young, successful entrepreneurs, from restaurateurs to professional services, and I anticipate we will continue to grow this segment of our economy in the future. We congratulate Colin on his past success and will work with him to secure future success as well.”
The Indiana Economic Development Corporation (IEDC) offered SmartBox up to $1,375,000 in conditional Economic Development for a Growing Economy (“EDGE”) tax credits and up to $250,000 in training grants from the Skills Enhancement Fund based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. These new positions are expected to offer wages 65 percent above the state’s average wage. Interested applicants may apply online.
“Hoosier entrepreneurs continue to showcase that Indiana is the best place to start a business, grow a business and get a job,” said Elaine Bedel, president of the Indiana Economic Development Corporation. “I am thrilled to celebrate SmartBox’s growth, and I am confident the best is yet to come as we work to take Indiana to the next level by growing our economy and developing the skills of our Hoosier workforce.”
SmartBox has been featured on Inc.’s list of fastest growing private U.S. companies for two years. Founded by local entrepreneur Colin Receveur, son of New Albany dentist Ron Receveur, SmartBox is currently serving more than 550 dentists on three continents. In addition, the entrepreneur is a speaker and author of several books on internet marketing, including The Four Horsemen of Dentistry: Survival Strategies for the Private Dental Practice Under Siege.
“Forbes magazine recently reported that millennials are starting their own businesses earlier in life and that over 60 percent have considered being entrepreneurs,” commented Wendy Dant Chesser, CEO and president of One Southern Indiana (1si). “SmartBox, and its founder Colin Receveur, are a prime example of the kind of success young professionals can have when they are willing to take risks and rely on their talents, passion and self-confidence. 1si congratulates the SmartBox team on their success thus far and stands ready to help the company succeed in the future.”