Sallie Mae Plans Hundreds of Indy Jobs

Posted: Updated:

Delaware-based Sallie Mae (Nasdaq: SLM) is again growing its Indianapolis footprint. The company, which announced a nearly $16 million expansion mid-last year, says it will invest nearly $12 million and add 350 jobs within three years. The newest job commitment, the student loan provider says, will be "over and above" the nearly 280 it pledged last year. In an agreement published by the Indiana Economic Development Corp., Sallie Mae says the new customer service and information technology positions are expected to pay an average wage of more than $11.50 per hour.

The company's current headcount at its Woodfield Crossing location is more than 400. The investment will cover infrastructure and expansion of the current facilities. Sallie Mae's northeast Indianapolis facility is three floors and 76,000 square-feet.

Senior Vice President of Corporate Marketing Martha Holler told Inside INdiana Business "we're proud to continue to invest in Indiana and the local workforce. We've invested millions of dollars in information technology and service as we build a first-rate customer experience, and the talent pool in Indianapolis is an asset to our growing business."

The IEDC could chip in as much as $3.93 million in conditional tax incentives toward the proposed expansion.

  • Perspectives

    • Employers Are Key to Improving Healthcare

      It's no longer news that American healthcare is broken. In the U.S., we spend more than $3 trillion a year on healthcare - more than any other developed nation - yet we are in overall poorer health than similarly developed countries. But dealing with healthcare's myriad issues isn't the only challenge facing business owners and employers. They're also grappling with how to attract and retain a shrinking supply of employees.



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


  • Most Popular Stories

    • AgriPark, New Jobs in Fishers Future

      The city of Fishers will partner with Brandywine Creek Farms to launch a 30-acre development focused on urban farming. During his State of the City address, Mayor Scott Fadness detailed plans for Fishers AgriPark, which will include crop fields, livestock, aquaponics, beehives and educational space. In today's address, Fadness also said to expect economic development announcements in the coming weeks involving $150 million in capital investment and hundreds of new jobs.

    • Hunger Organization Selects Executive Director

      Christina Smith has been named the first executive director of Kids Against Hunger of Central Indiana. She has served in fundraising roles for Purdue University, Grace College and Fort Wayne-based Questa Foundation...
    • Direct Primary Care: A Growing Trend

      For a moment, imagine your relationship with your doctor could be more like other professional service relationships. It's hardly a novel concept. For decades that's how it worked... You would visit your doctor, receive your needed care and pay the doctor directly for time and services. We've reached a point now, however, where it seems there are more people who don't remember this than who do.

    • MainGate Partners with Komen and Indy Eleven

      Indianapolis-based event retail and merchandising company MainGate has entered into agreements with Susan G. Komen of Central Indiana and IndyEleven. The merchandise agreements begin immediately.  

    • (Image courtesy of Indiana Grown)

      Eskenazi, Indiana Grown to Outline Partnership

      Eskenazi Health and Indiana Grown will Monday detail a new partnership at Sidney & Louis Eskenazi Hospital in Indianapolis. The organizations are also hosting a "food networking event" allowing Indiana Grown members to connect with each other and local business owners. Eskenazi Health CEO Dr. Lisa Harris will discuss the partnership this weekend on Inside INdiana Business With Gerry Dick. Indiana Grown, which helps consumers find products grown, raised, produced...