Liberty Mutual Insurance Expands Operations in Carmel, Indiana
11/22/2017
The global company, which is headquartered in Boston, is investing more than $14 million to expand near its operations center at 11611 N. Meridian St. in Carmel, leasing 56,000 square feet in an adjacent building in the Parkwood Crossing office complex, which is owned and operated by locally based Strategic Capital Partners in partnership with Rubenstein Partners. Renovations will begin during the first quarter of 2018, allowing the company to be fully operational in the expanded space by next spring.
“Liberty Mutual is pleased to announce that we are expanding our presence in the Indianapolis metropolitan area by leasing additional space in the Parkwood Crossing office complex to accommodate approximately 400 employees,” said Karen Whiteknact, Liberty Mutual Insurance Senior Vice President, Talent & Enterprise Services. “This expansion strengthens our already significant commitment to this city and state of Indiana, where we've long been impressed with its talented workforce and quality of life.”
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will offer Liberty Mutual Group Inc. up to $5,200,000 in conditional tax credits and up to $300,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel supports the project.
“Indiana’s economic success is being heard far and wide as companies like Liberty Mutual continue to grow here,” Governor Eric Holcomb said. “We’ll keep Indiana’s momentum going with our pro-business environment and by ensuring our most valuable resources, our people, have the skills needed for the 21st Century workforce. I look forward to Liberty Mutual’s continued success in Indiana and the good jobs they will create for hardworking Hoosiers.”
"We are very pleased to see our Meridian Corporate Corridor continuing to generate private investment and more jobs to our community,” Carmel Mayor James Brainard said. “Today's news will result in 400 new high-paying jobs, which is exactly why we continue to invest in our city to build one of the best places in America to live, work and raise a family."
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025