Up to 2,000 high-tech jobs are coming to Indiana.
Governor Eric Holcomb and Dr. Vishal Sikka, chief executive officer of Infosys made the announcement today. Infosys plans to increase its operations in the U.S., establishing four new state-of-the-art technology and innovation hubs in the U.S., with the first one in Indiana. As part of its growth, Infosys plans to create up to 2,000 new, high-skilled jobs in central Indiana by the end of 2021.
Infosys plans to increase its operations in the U.S., establishing four new state-of-the-art technology and innovation hubs in the U.S., with the first one in Indiana. As part of its growth, Infosys plans to create up to 2,000 new, high-skilled jobs in central Indiana by the end of 2021.
Infosys, which offers consulting, technology and next-generation services, will invest more than $8.7 million to establish operations in Indiana, 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.
In filling these new positions, Infosys will hire experienced technology professionals as well as recent graduates from universities and community colleges. The company, which is committed to education, will institute training programs for new employees as well as for students in partnership with higher education institutions in key technology and computer science competencies to ensure that the state’s workforce is fully equipped to innovate and support clients in the rapid digitization of all industries.
In addition to the new tech hub, Infosys will engage with the state through its charitable foundation, Infosys Foundation USA, which pursues its mission of inspiring children, young adults and educators to become creators of technology. Since 2015, more than 134,000 students, over 2,500 teachers and almost 2,500 schools across America have benefited from computer science training and equipment supported by Infosys Foundation USA. The Foundation also partners with organizations such as Code.org, CSTA and others to advance the skills development of millions of more students.
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.
You can hear Governor Holcomb’s comment in the Leon-Tailored Audio by