Downtown Indy Space to Become Infosys U.S. 'Hub'

Posted: Updated:
INDIANAPOLIS -

State, city and company officials Tuesday laid out several reasons for why India-based technology giant Infosys selected Indianapolis as its first U.S. tech and innovation hub. They include Indiana's talent pool and academic pipeline. The company plans to invest more than $8.7 million into Indy, hiring up to 2,000 workers by 2022. Infosys says it will occupy around 35,000 square-feet of space in OneAmerica Tower downtown. In an interview with Inside INdiana Business, Indiana India Business Council President Raju Chinthala said the courting process was extensive.

Chinthala served as a liaison between Infosys and state officials. He says the company visited Indianapolis in late February as part of a national search for new locations. In March 13th, he traveled with a delegation to India that included Secretary of Commerce Jim Schellinger, which involved a trip to the Infosys campus. More than a month later, Infosys executives reached an agreement with the Indiana Economic Development Corp. and on May 2nd, the decision to locate to central Indiana became public. At the time, neither the company nor the state was saying where the hub would end up.

Indianapolis Mayor Joe Hogsett was joined at a news conference Tuesday morning at Lucas Oil Stadium by Governor Eric Holcomb and representatives from the state and Infosys. He told Inside INdiana Business the selection is a "huge win for the city." He added the company's presence will "create a culture that will bring more and more emerging technology companies to Indianapolis, so it feeds on itself."

Infosys provides consulting services in areas including artificial intelligence, machine learning, cloud technology and big data.

The state is offering Infosys a conditional incentives package that could total $31 million if all training and hiring targets are hit. Infosys could also receive several million from the city of Indianapolis for proposed tax abatement and training grants. The company says hiring will begin swiftly, with 100 expected to be added by year's end and 400 set to be hired by the end of next year. As a condition for receiving its tax breaks from the city, Infosys says it would add at least 300 net-new jobs by the end of 2019. These positions are expected to pay an average of $36 per hour.

  • Perspectives

    • Taking Hyper-Growth and ROI in Key Sectors to The Next Level

      The Governor and our Legislature have already invested in programs that are delivering over 100X returns to Hoosiers. Prior efforts of Governor Eric Holcomb and the Indiana General Assembly to invest in our workforce have already positively impacted the lives of many Hoosiers, while building upon a solid foundation for economic growth. The 2019 General Assembly has the opportunity to leverage this to achieve exponential growth for Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • TradeRev Makes Hires, Promotions

      TradeRev has hired Kayne Grau (pictured) as executive vice president, U.S. and commercial sales. Keith Crerar (pictured) has been named executive vice president of global operations. Also, Kathy Hopkins has been promoted to vice president of sales and Will Farmer has been promoted to vice president of sales.

    • Tech Company Closes on Early-Stage Funding Round

      An Indianapolis-based software company has closed on an early-stage round of funding. Woven, whose platform helps high-growth software teams hit hiring goals, says it has raised more than $500,000 from a group of investors, including venture studio High Alpha. The funding round also included several Indy tech veterans such as Ade Olonoh with Formstack, John Qualls from BlueLock and Christopher Clapp of Angel Learning. Woven says its goal is to reduce bias in...

    • Holcomb Unveils Teacher Pay Plan in State of The State

      Governor Eric Holcomb used his third State of the State address to unveil a plan to increase teacher pay. He called on legislators to use money from the state's reserves to pay off pension liabilities in a move he says will save all local schools $140 million over the next two years, and more in the following years. He says school districts should "allocate 100 percent of the $140 million to increasing teacher paychecks." In his speech, Holcomb also announced the...

    • Kenzie Graduates First-Ever Cohort

      Kenzie Academy has graduated it’s first-ever cohort of students. Eleven graduates received a joint certificate from the Indianapolis-based coding school and Butler University’s Executive Education program. "They are on their pathway to do good work," said Kenzie Co-Founder and Chief Executive Officer Chok Ooi. "Half the class has already received full-time job offers, and they are getting jobs ranging from $50,000 a year to $70,000 ...

    • IU Kelley Tops U.S News and World Report Rankings

      Indiana University's Kelley School of Business is ranked first among online MBA programs and online master's programs in the most recent U.S. News and World Report Best Online Education Program rankings. Ball State University's Miller College of Business also reached the top 20 in the online MBA rankings.