As part of its plans to increase its operations in the U.S., Infosys will establish four new state-of-the-art technology and innovation hubs and create 10,000 American jobs over the next two years. The first of these tech hubs will be located in central Indiana, where Infosys plans to create up to 2,000 new, high-skilled jobs by the end of 2021.
The global leader in consulting, technology and next-generation services will invest more than $8.7 million to establish operations in Indianapolis, leasing and equipping a 60,000- to 80,000-square-foot space. Infosys is still considering multiple office options, and 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.
“Technology is dramatically reshaping our world, and it is amplifying the next generation of American innovators to lead this transformation in a fundamental way,” said Dr. Vishal Sikka, chief executive officer of Infosys. “To this, we are focused on driving American innovation by hiring locally and shrinking the IT skills gap through investments in training and education. Every day, we are helping companies here in America harness new, groundbreaking technologies that will empower employees and organizations to not only gain a competitive edge in the marketplace but to also participate actively in inventing America’s digital future. The launch of this technology hub in Indiana is a testament to Indiana’s skilled workforce and its education system. We are excited to be a part of Indiana’s work to transform the tech industry in the Midwest.”
Infosys, which already employs more than 140 associates across Indiana, will hire developers, analysts, architects, domain consultants and other technology professionals following the opening of its new 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.
Infosys will hire experienced technology professionals as well as recent graduates from universities and community colleges. The company 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.
“I’m so pleased Infosys has chosen Indiana for its business tech hub. Their projected 2,000 new jobs will support the continued momentum of our tech industry, which has grown 28 percent since 2013, and help advance Hoosier innovation,” said Governor Eric J. Holcomb. “Our strong state economy along with our world-class workforce being produced by our state’s leading higher education system means Infosys will immediately begin to contribute to our technology-based ecosystem where companies, employees and our communities continue to grow.”
Pending approval from the Indiana Economic Development Corporation (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, so until employees 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.
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 more students.
Relocating Or Expanding Your Business In Indiana
Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.