Liberty Mutual Insurance will expand its operations in Hamilton County, IN, creating up to 400 new, high-wage jobs by 2021. The global company, which is headquartered in Boston, is investing more than $14 million to expand its operations center in Carmel, leasing 56,000 square feet in an adjacent building in the Parkwood Crossing office complex.
“Liberty Mutual is pleased to announce that we are expanding our presence in the Indianapolis metropolitan area by leasing additional space in the Parkwood Crossing office complex to accommodate approximately 400 employees,” said Karen Whiteknact, Liberty Mutual Insurance Senior Vice President, Talent & Enterprise Services. “This expansion strengthens our already significant commitment to this city and state of Indiana, where we’ve long been impressed with its talented workforce and quality of life.”
Renovations on the building, which is owned and operated by Strategic Capital Partners in partnership with Rubenstein Partners, will begin during the first quarter of 2018, allowing the company to be fully operational in the expanded space by next spring.
Liberty Mutual employs more than 50,000 people in over 800 offices worldwide, including 1,430 in central Indiana. The 400 new jobs created by this expansion are expected to offer average salaries higher than the state and Hamilton County average wages.
“Indiana’s economic success is being heard far and wide as companies like Liberty Mutual continue to grow here,” said Gov. Eric Holcomb. “We’ll keep Indiana’s momentum going with our pro-business environment and by ensuring our most valuable resources—our people—have the skills needed for the 21st Century workforce. I look forward to Liberty Mutual’s continued success in Indiana and the good jobs they will create for hardworking Hoosiers.”
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will offer Liberty Mutual Group Inc. up to $5.2 million in conditional tax credits and up to $300,000 in training grants based on the company’s job creation plans. These incentives are performance based, so until employees are hired, the company is not eligible to claim them. The city of Carmel supports the project.
“We are very pleased to see our Meridian Corporate Corridor continuing to generate private investment and more jobs to our community,” said Carmel Mayor James Brainard. “Today’s news will result in 400 new high-paying jobs, which is exactly why we continue to invest in our city to build one of the best places in America to live, work and raise a family.”
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