Swiss Company Bringing 100 Jobs to Indy

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dormakaba plans to break ground on the expansion later this year. dormakaba plans to break ground on the expansion later this year.
INDIANAPOLIS -

Switzerland-based dormakaba is expanding its Indianapolis operations and plans to create more than 100 jobs over the next few years. The security solutions company says Indianapolis will be its Access Solutions Americas segment headquarters.

The company plans a significant investment to nearly double the size of its Indianapolis facility and increase production of secure locks and access control solutions. The technology is designed for markets including schools, airports, stadiums, retail and government facilities.

dormakaba plans to break ground on the expansion later this year and have it fully operational within three years. The company says it will hire for front office and finance positions now and manufacturing and assembly openings over the next one-to-two years. The state says the positions are expected to offer salaries above the state and Marion County averages. The company was founded as a locksmith and cash register factory in 1862.

The Indiana Economic Development Corp. offered dormakaba up to $2.4 million in conditional tax credits based on the job creation plans. The city of Indianapolis is offering additional incentives.

The IEDC says Indiana is home to 38 Swiss business operations.

  • Perspectives

    • Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana

      While quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place. Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States.

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