CARMEL, Ind. -

NextGear Capital announced a series of strategic moves this week to enhance its resources for dealers, including plans to add up to 200 new jobs by 2018.

The company also intends to make substantial investments exceeding $50.88 million to lease and renovate its corporate offices in Carmel, Ind., to support its growing customer service and technology divisions.

Additionally, NextGear Capital plans to upgrade its technology infrastructure and software to better serve its more than 20,000 customers.

“NextGear Capital’s success can be attributed to our talented workforce, both here and across the country, who work diligently every day to ensure our customers' needs are met and embody the work ethic and family values that Indiana is known for,” NextGear Capital president Brian Geitner said.

This week’s announcement marks the company’s second expansion in recent years. In 2013, Gov. Mike Pence joined NextGear Capital to announce the company’s headquarters expansion in Carmel, creating up to 169 new Hoosier jobs. The company has since exceeded those plans, now employing more than 430 Indiana-based associates.

NextGear Capital is currently hiring customer service and technology associates. Interested applicants may apply at http://jobs.manheim.com/careers/nextgear-capital-jobs.

“Indiana stands out as a regional leader for job growth, and companies like NextGear Capital repeatedly choose Indiana as a home for their expansions because of our pro-growth policies and low-regulation business environment,” Pence said.

“One of our greatest strengths is in our workforce, and after meeting with the hardworking Hoosiers who make NextGear Capital’s success possible back in March of 2013, I’m excited to announce this additional expansion here in the Hoosier State.”

The Indiana Economic Development Corp. offered NextGear Capital Inc. up to $1.6 million in conditional tax credits and up to $85,000 in training grants 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.

The city of Carmel also supports the project.

“We were thrilled last year when NextGear Capital moved into its new corporate headquarters in Carmel, which we took as a reflection of the strong high-tech business community we enjoy,” Carmel mayor Jim Brainard said.

“NextGear Capital has been one of Indiana's true technology success stories and today’s news of another expansion in its workforce is great news for Carmel and all of central Indiana,” Brainard went on to say.