HR Tech Company Indeed Expands Stamford, Connecticut, Workforce
12/06/2018
Indeed plans to invest $66 million toward its expansion and is exploring real estate options to accommodate the growth. The company currently leases office space at 177 Broad Street in Stamford.
“We continue to invest in Connecticut because this region has helped us deliver on our mission of helping people get jobs since we started here 14 years ago,” Dave O’Neill, Indeed’s COO said. “While we have expanded all over the world since our founding, Stamford continues to be a critical region for our success and we are confident we will continue to find the talent we need to help our business continue its growth.”
The Department of Economic and Community Development (DECD) is supporting this newest expansion with a 15-year, $10 million low-interest loan for equipment and leasehold improvements. The company may be eligible for loan forgiveness if certain employment obligations are met. Indeed also may be eligible for up to $5 million in tax credits through DECD’s Urban and Industrial Site Reinvestment Tax Credit program.
“Indeed’s expansion in our state is great news for the well-trained, talented, and sought-out workers in Connecticut’s tech sector,” Governor Dannel P.Malloy said. “This is a global, innovative company that has recognized the benefits that Connecticut brings to the tech industry. We welcome the company’s capital investment in our state and the growth of hundreds of high-quality jobs that will follow.”
“Connecticut is a great home for tech-focused companies like Indeed that depend on a talented workforce to innovate and grow,” DECD Commissioner Catherine Smith said. “Our partnership with Indeed will provide great economic benefits to the city, region, and the state for years to come.”
Project Announcements
Custom Air Handling Solutions Expands Burton, Michigan, Manufacturing Operations
04/22/2025
AgriAmerica Fruit Products Expands Chautauqua County, New York, Operations
04/22/2025
The Hershey Company Expands Dauphin, Pennsylvania, Operations
04/21/2025
Delta Star Expands Lynchburg, Virginia, Manufacturing Operations
04/21/2025
Gillespie Precast Plans Asheboro, North Carolina, Manufacturing Operations
04/21/2025
Japan-Based TMEIC Corporation Americas Plans Waller County, Texas, Manufacturing Operations
04/21/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025