Gov. Mitch Daniels and Indianapolis Mayor Greg Ballard joined executives from Stratosphere Quality LLC, a quality inspection service provider, and Archway Technology Partners Inc., a financial software provider, to make the announcement Wednesday morning.

Stratosphere plans to invest $2.6 million to expand and upgrade its Fishers headquarters, adding 225 new jobs by 2015.

Archway will invest $1.7 million to nearly double its current 6,000-square-foot headquarters near Keystone at the Crossing on Indianapolis' north side, adding 140 new jobs by 2015.

The Indiana Economic Development Corporation offered Stratosphere up to $1.5 million in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans.

Archway was offered up to $2.4 million in conditional tax credits and up to $100,000 in training grants based on its job creation plans. The city of Indianapolis will also support Archway with grant funds at the request of Develop Indy.

"Companies are eager to invest in Indianapolis thanks to our stable tax climate and business-friendly, pro-growth economic environment," Ballard said in a news release. "As we continue our aggressive pursuit of new jobs, we are pleased to welcome this investment and expansion of businesses in central Indiana and eager to build upon our efforts to grow our local economy, bringing quality jobs to Hoosier workers."

Both companies said they've already begun hiring new employees.