Milliman, Inc., an actuarial and consulting firm, plans to invest $2 million to expand its 25,000 square foot operations center in downtown Indianapolis, Indiana, creating up to 26 new jobs by 2017.
The Seattle, Washington headquartered company will install additional information technology equipment. Milliman, which currently employs more than 55 associates in Indianapolis, provides consulting for employee benefits, healthcare, life insurance and financial services, as well as investment, property and casualty insurance consulting. The firm is hiring additional actuarial consulting professionals.
“Milliman is pleased to be expanding in Indianapolis,” said Robert Damler, principal and consulting actuary at Milliman. “Our decision to grow in Indianapolis is driven in large part by the state and community efforts to provide a low-cost business environment as well as an excellent supply of top-quality talent.”
“Once again, Indiana’s business-friendly climate and talented workforce seal the deal for a high-growth firm looking to expand its business,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “We look forward to Milliman continuing its contribution to Indiana’s business landscape and creation of high-quality careers for Hoosiers.”
As an incentive, Indiana Economic Development Corporation offered Milliman, Inc. up to $400,000 in conditional tax credits and up to $97,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports this project at the request of Develop Indy.
“We are pleased that Milliman will be expanding its operations here in Indianapolis, adding more quality jobs to our talented workforce,” said Indianapolis Mayor Greg Ballard. “Our low cost of doing business and our skilled labor force are primary reasons why global companies such as Milliman choose to invest in our city.”
Milliman also benefits from using Indiana's talented workforce and actively recruits from Hoosier institutions of higher education, including Ball State, Butler and Purdue Universities, all of which offer actuarial science programs.