Sallie Mae expansion to bring 278 new jobs to Indianapolis over next 2 years
INDIANAPOLIS, Ind. – State and local officials joined executives from Sallie Mae to announce a $15.7 million expansion that will bring 278 new jobs to Indianapolis over the next two years.
The company renovated and equipped a three-floor 76,000-square-foot space at 8425 Woodfield Crossing on the northeast side of Indianapolis. Earlier this month, Sallie Mae relocated from its former office five miles away on Craig Street.
The new space includes 550 workstations, five conference rooms, two training rooms and additional rooms. The new office will accommodate information technology and customer service departments, with new positions expected to offer wages 25 percent higher than the state average.
The Delaware-based company employs more than 1,200 workers across the country, including 189 in Indianapolis—its second-largest location.
“It’s a great day for Indianapolis,” Mayor Joe Hogsett said. “Simply put, Indianapolis is a wonderful city in which to do business and in which to live.”
“Let me say I believe with great confidence and pride in the people of Indiana, that you have chosen wisely,” Pence told Sallie Mae executives. “We commend you and thank you for your decision.”
Pence credited the leadership team at Sallie Mae and state and local leaders for coming together for the expansion.
“This is your win,” Pence said to the current and future members of the Indianapolis Sallie Mae team.
Rep. Susan Brooks, also in attendance for the announcement, saying the business atmosphere is a competitive one.
“I’m just thrilled that you stayed in the 5th District,” Brooks said. “The financial services industry in central Indiana and in Indianapolis is growing, and it is so very strong. People don’t really realize that’s what Sallie Mae is–a financial services leader.”
The Indiana Economic Development Corporation offered the company up to $2.3 million in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans.