Allied Solutions, distributor of insurance, lending and marketing products to financial institutions across the country, is expanding its headquarters in Carmel, IN, creating more than 600 new jobs by 2025.
The company, which is a subsidiary of the St. Paul, MN-based Securian Financial Group, will lease four floors of a new 137,000-square-foot, five-story facility in Carmel’s emerging Midtown district. The facility will also include a mixed-use space on the building’s first floor with a total project investment of $32.9 million. Construction is scheduled to begin in May, with the new facility nearly doubling Allied Solutions’ office space in Carmel to serve the company’s growing national client base. Allied Solutions employs more than 980 associates across the country, including more than 420 in Indiana.
“Indiana is our home,” said Pete Hilger, president of Allied Solutions. “I raised my family here and our company has thrived here for almost 20 years. We’ve become what we are today because of the hard work and energy of our people. There’s a great work ethic, which make for loyal employees dedicated to a common goal. The investments made in the Carmel area make it a great place to operate our business.”
Founded in 1978, Allied Solutions operates 17 regional offices across the country. The company offers more than 100 products and solutions for financial institutions, allowing them to offer their consumers a broad selection of innovative products and services.
The Indiana Economic Development Corporation (IEDC) offered Allied Solutions LLC up to $4,000,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until employees are hired, the company is not eligible to claim incentives. The city of Carmel will use tax increment financing to finance the construction of a public parking garage in conjunction with the project.
“Today we celebrate in Carmel two things; the success and expansion of one of our corporate partners and the bright future for development in the Midtown redevelopment area,” said Carmel Mayor Jim Brainard. “Both announcements are endorsements of our economic development efforts, which include investing in our infrastructure and encouraging sustainable and walkable environments. We look forward to watching both Allied Solutions and Midtown grow in the future.”
“Indiana’s third century is set to be our greatest yet, and that’s a credit to homegrown companies like Allied Solutions,” said Governor Mike Pence. “They are building their businesses and advancing job creation across the state, and we have more Hoosiers going to work now than ever before. Allied Solutions’ decision to create 600-plus new jobs here in Indiana proves that our Hoosier economy is strong and will continue to grow because of our efforts to create a business-friendly climate.”
Allied Solutions’ expansion comes on the heels of another record-breaking year for job growth in Indiana. In his recent State of the State address, Gov. Pence said that Indiana’s unemployment rate has dropped 4 percent in the last three years and stands at its lowest rate since 2001.