A tax break for a dermatology business planning to move its headquarters to Greenwood has been approved.
Dermatology Inc. plans to spend $2.3 million to purchase about six acres of land east of the Indy South Greenwood Airport and construct a 14,000-square-foot medical office building with space for its business headquarters, a clinical dermatology practice and a cosmetic spa. Dermatology Inc. has a corporate office in Indianapolis and 11 offices throughout the region, including one in Greenwood.
The company has requested a 10-year, $120,000 tax break. Dermatology Inc. still will pay $122,000 in property taxes during that time period. The Greenwood City Council unanimously approved the tax break.
Dermatology Inc. will retain 33 employees from its Greenwood clinic and 28 employees from its Indianapolis headquarters, and will also hire 13 new employees with average salaries of $65,000, according to paperwork filed with the city.
