NextGear Capital, an automotive financial services provider for auto dealers, announced plans to add up to 200 new jobs by 2018.

The company plans 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.

"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," said Governor Pence. "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."

This announcement marks the company's second expansion in recent years. In 2013, 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.

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