Infosys Plans Innovation Hub In Indianapolis, Indiana
“I'm so pleased Infosys has chosen Indiana for its business tech hub. Their projected 2,000 new jobs will support the continued momentum of our tech industry, which has grown 28 percent since 2013, and help advance Hoosier innovation,” said Governor Eric J. Holcomb. “Our strong state economy along with our world-class workforce being produced by our state's leading higher education system means Infosys will immediately begin to contribute to our technology-based ecosystem where companies, employees and our communities continue to grow.”
Infosys, which is a global leader in consulting, technology and next-generation services, will invest more than $8.7 million to establish operations here, leasing and equipping an approximately 60,000-80,000-square-foot space in the Indianapolis metropolitan area.
The company, which is still considering multiple office options, plans to finalize a lease and begin the renovations this month. The tech hub, which is expected to launch operations in August 2017, will focus on cutting-edge technology, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud and big data, and will serve businesses in key industries such as financial services, manufacturing, health care, retail, energy and more.
Infosys, which already employs more than 140 associates across the state, will hire for developers, analysts, architects, domain consultants and other technology professionals following the opening of its new Indiana office. The company plans to ramp up its hiring over the next five years, adding 100 new jobs by the end of 2017 and 400 new jobs by the end of 2018.
"Technology is dramatically reshaping our world, and it is amplifying the next generation of American innovators to lead this transformation in a fundamental way," said Dr. Vishal Sikka, CEO of Infosys. "To this, we are focused on driving American innovation by hiring locally and shrinking the IT skills gap through investments in training and education. Every day, we are helping companies here in America harness new, groundbreaking technologies that will empower employees and organizations to not only gain a competitive edge in the marketplace but to also participate actively in inventing America’s digital future. The launch of this technology hub in Indiana is a testament to Indiana’s skilled workforce and its education system. We are excited to be a part of Indiana’s work to transform the tech industry in the Midwest.”
Pending approval from the IEDC Board of Directors, the IEDC will offer Infosys up to $15,250 in conditional tax credits per new job created, which are calculated based on expected state income tax withholdings, and up to $500,000 in training grants based on the company’s hiring plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. If the company hires and trains all 2,000 workers as planned, the maximum total incentives from the state would be $31 million.
In Focus: “Golden Age” of Spec Development
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Explosive Growth of Life Sciences Sector Comes with Challenges
In Focus: Demand for Industrial Land Surges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
The Evolution of the Megasite