INDIANAPOLIS, Ind. – More than 2,000 jobs are coming to central Indiana by the end of 2021.
Gov. Eric Holcomb join officials from India-based technology firm Infosys for the announcement Tuesday morning. The company is expanding operations in the U.S. by establishing four technology and innovation hubs in the U.S. The first one will be located in Indiana.
Infosys touts itself as a global leader in consulting, technology and next-generation services. The company will invest more than $8.7 million to establish operations in Indiana and equip an approximately 60,000- to 80,000-square-foot space in the Indianapolis area. Multiple office locations are still under consideration. The company hopes to finalize its plans by the end of May.
Infosys CEO Dr. Vishal Sikka says one of the reasons they chose Indiana is because of the great network of colleges in the state, and they plan to look at these schools for new employees to hire and train. He also emphasized that they will be hiring people locally. “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 CEO Dr. Vishal Sikka said.
The big economic announcement for the state comes on Governor Holcomb’s 50th birthday.
"There are two things we like doing in Indiana: that's racing, and that's winning. You picked a great month to start the race,” Holcomb said.
He also touted Indiana workers as the best workforce in America.
“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,” Holcomb said in a statement.
Additionally, Mrs. Sikka said they will invest in computer science programs for students, and they announced grants to help 1,000 school teachers obtain high quality computer training at no cost this summer. "Funding will cover training, airfare, housing… everything for teachers,” Sikka said.
The tech hub will launch in August and focus on cutting-edge technology, including artificial intelligence, machine learning, user experience, emerging digital technologies, cloud and big data. It will serve companies in industries including financial services, manufacturing, health care, retail and energy.
If Infosys hires all 2,000 workers as scheduled, the company would receive a maximum of $31 million in state incentives. The highest dollar amount the Indiana Economic Development Corporation has ever offered. A spokesperson with the IEDC said the incentives are based on the number of jobs and the average wage of those jobs. It works out to approximately $15,250 per job Infosys creates in Indiana, which is comparable to other tech job annoucements the state has recently had.
Infosys currently employs more than 140 associates in Indiana. The company will hire developers, analysts, architects, domain consultants and other technology professionals for the new Indiana office.
The Indiana tech hub is part of a broader effort from Infosys to expand its U.S. presence. The company plans to establish a total of four tech hubs that will create 10,000 jobs over the next few years.
Indianapolis Mayor Joe Hogsett issued the following statement:
“Today’s transformative agreement has the potential to fundamentally change the landscape of our local economy, and I want to applaud the work of Governor Eric Holcomb and the Infosys corporate leadership for bringing this historic partnership to our state.
"This announcement also highlights the national and international attention that the Indianapolis area is attracting as a growing technology hub, and I look forward to continued conversations with Infosys and our local team at Develop Indy to find new and exciting ways to grow their footprint in our city over the coming years."