South Africa-Based iLAB To Expand North American Headquarters In Indianapolis, Indiana
The company will invest $1.49 million to lease and equip its new 4,000-square-foot office at the Chase Circle building in downtown Indianapolis. In July, the company moved into its new office, quadrupling its footprint with plans to locate 80 new jobs at the company’s North American headquarters. iLAB will also hire an additional 20 associates to be based around the state, serving clients in Fort Wayne, South Bend, Gary and Evansville.
“We’ve seen fantastic growth over the last five years, expanding our customer base through strategic partnerships with the world’s most respected names in technology,” said Gerry Bailey, Managing Director for iLAB in North America. “Indianapolis has served as an exceptional launch platform for our North American operations and a key factor in fueling our growth strategy across the globe by adding 100 more employees over the next five years.”
“Business growth and development in the tech sector is one of the major reasons why we are experiencing record Hoosier employment numbers,” said Lieutenant Governor Sue Ellspermann. “I applaud iLAB for choosing to grow their business in a state that works. Today we celebrate Indiana’s international reputation as a great place for businesses to start, expand and prosper.”
The company, which currently employs more than 500 employees around the world, including more than 50 Hoosiers, has already begun hiring for software engineering, business development and support positions.
As an incentive, The Indiana Economic Development Corporation offered iLAB, LLC up to $1,200,000 in conditional tax credits and up to $75,000 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 Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“Indy’s tech sector is booming and this growth is due in large part to the quality and innovation of our workforce,” said Mayor Greg Ballard. “I’m very proud that we have become a magnet for top talent and I am delighted to welcome iLAB to the growing list of companies that are selecting Indy as the place to expand, invest and succeed.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A