INDIANAPOLIS – SnapShyft today announced plans to establish its corporate headquarters in Indianapolis and hire up to 40 new employees by 2020. The company, co-founded by Stephanie Corliss and Thor Wood, provides a mobile and desktop platform for food & beverage venues to fill both last-minute staffing needs as well as future shifts.
McGuire Sponsel’s Location Advisory team guided SnapShyft’s site selection process and helped to finalize an incentives package from the Indiana Economic Development Corporation (IEDC).
“Snapshyft is the perfect combination of a great idea, scalable technology and smart, driven leadership,” said McGuire Sponsel Principal Steve Brunson. “McGuire Sponsel was pleased to assist with site selection and facilitate negotiations with IEDC, delivering maximum value as SnapShyft expands its operations and physical footprint.”
SnapShyft launched its on-demand mobile app in September, allowing restaurants, bars, event facilities and catering companies to connect with qualified contract service professionals looking for shifts in their area. The platform, which is available for download in both the Apple App Store and Google Play, is free for venues and workers to create accounts. SnapShyft is currently gearing up for its Series Seed round of funding and plans significant expansion in 2018, including its technical development, sales and marketing teams.
Since the initial launch, nearly 200 venues have created accounts on the platform, including some of the most prominent food and beverage operations in the city, and the app has been downloaded by more than 1,500 hospitality professionals in the Indy metro area. Demand is growing beyond Indianapolis as well, with platform downloads in more than 130 cities spanning 42 states.
To support increased demand and the company’s plans to scale up operations and expand service to new markets, SnapShyft plans to invest $433,000 in its Indianapolis operations – which will officially be designated as its corporate headquarters – over the next five years.
“The initial response has been incredible, and demand for the platform is really taking off,” said Wood. “With the business growing so fast, so early, we engaged McGuire Sponsel to ensure SnapShyft maximized available economic development incentives. They’ve been a tremendous partner throughout this process.”
The IEDC is offering up to $300,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. The city of Indianapolis also supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
Initially, SnapShyft plans to lease space at both the The Speak Easy downtown as well as Level, located at 55 Monument Circle, and will evaluate other options within Marion County for an increased footprint as its team and operations continue to grow.