IN: Infosys to Establish U.S. Education in Indy, Hire 3,000
5 Dec, 2018
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, announced today its plans to establish a U.S. Education Center in Indianapolis to train its U.S. workers with 21st century skills. With its growth, the company plans to increase its workforce in Indiana to 3,000 by the end of 2023.
“Today’s announcement with Infosys is a big win—not just for Indiana but for the nation as a whole, which is why I’m glad Vice President Pence was able to join us,” Gov. Holcomb said. “Infosys’ state-of-the-art training facility will teach thousands of folks from across America right here on Indiana soil. And, it will help prepare more current and future Hoosiers for success in our rapidly evolving, global economy.”
Infosys will initially redevelop 70.5 acres, with an option to double that footprint in the future, on the site of the old Indianapolis airport terminal at the intersection of Sam Jones Expressway and South High School Road to establish a vast, state-of-the-art training center that will feature environmentally sustainable buildings and green spaces. The project, which will be developed in multiple phases over the next several years, is expected to expand into a $245 million, 141-acre, 786,000-square-foot campus. Infosys' vision for the finished site includes regeneration of the area to feature walkways, outdoor spaces and recreational facilities.
“We are excited to partner with Indiana to grow our U.S. presence by building our U.S. Education Center here, which is dedicated to continuous learning and incubating the skills of the future,” said Ravi Kumar, president of Infosys. “At Infosys, we have always invested in advanced technology and skills and bring deep experience from running the largest corporate training facility in the world. Our new Indianapolis facility will prepare our American employees—and those of our clients—to master the kinds of advanced skills that are now required to succeed in our digital future.”
To begin, Infosys will invest $35 million to establish its U.S. Education Center, acquiring 70.5 acres and building out the first 125,000 square feet that will comprise a training center and a 250-person residential facility. The center will also offer training programs to clients that want to reskill their own employees. Using learnings and best practices from Infosys' Global Education Center in Mysore, India – the world's largest corporate university – and partnerships with academia and education providers, the initial training programs will combine classroom-based and immersive, real-world learning focused on key competencies such as user experience, cloud, big data, and core technology and computer science skills.
“Indiana isn’t just a state that works, it’s a state that works together. As we celebrate Infosys' growing footprint in Indianapolis, I want to recognize Governor Holcomb's vision and commitment to collaboration that helped make it possible. Our city is attracting international attention as the tech hub of the Midwest and this transformative project will provide continued momentum for all of central Indiana,” said Mayor Joe Hogsett.
Infosys plans to break ground on the first phase, the U.S. Education Center, before the end of 2018 and anticipates its completion by the end of 2020. To support its expansion plans, the company has increased its hiring commitment in Indiana from 2,000 to 3,000 new jobs by the end of 2023. Infosys recently cut the ribbon on its initial 35,000-square-foot Technology and Innovation Hub at OneAmerica, which already hosts more than 150 employees, and continues to hire for developers, analysts, architects, domain consultants and other technology professionals.
In filling these new positions, Infosys will hire experienced technology professionals as well as recent graduates from universities and community colleges. The company, which is committed to education, 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.
“This project is a prime example of the airport’s commitment to delivering public value to the community,” said Mario Rodriguez, Indianapolis Airport Authority executive director. “Through a collaborative effort with the city and state, we’re proud to welcome Infosys to the Indianapolis International Airport campus. Their training facility will help to transform lives and connect people as Indy continues to attract tech talent by the plane full.”
Founded in India in 1981, Infosys now has a presence in more than 45 countries across the globe and has more than 16 offices in the U.S. In 2012, the company, which employs more than 200,000 people, became the first Indian company to begin trading on the New York Stock Exchange. In 2017, Infosys announced plans to establish four new state-of-the-art technology and innovation hubs in the U.S., with the first one in Indiana, and create 10,000 new American jobs by the spring of 2019.
Today's announcement and vision for growing Infosys' presence in Indiana is being supported by the state of Indiana, the city of Indianapolis and the Indianapolis Airport Authority. Pending approval from the IEDC Board of Directors, the IEDC will offer Infosys up to $56.5 million in conditional tax credits and up to $1.5 million in training grants based on the company's plans to create 3,000 new jobs by 2023. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The IEDC will also offer Infosys up to $6 million in conditional tax credits from the Hoosier Business Investment program based on the company's significant capital investment plans.
The city of Indianapolis will facilitate the rehabilitation and transfer of the existing 2,000-car parking garage to Infosys. Additionally, the city will contribute real estate and necessary improvements over the course of the phased project to include $8 million in infrastructure improvements and up to $9.8 million in real estate. The IEDC will provide up to $20 million over 10 years from the Industrial Development Grant Fund to support these improvements at and surrounding the campus development.
These incentives are subject to the approval of the IEDC Board of Directors, Indianapolis Airport Authority Board, Metropolitan Development Commission and Indianapolis City County Council.
About Infosys: Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 200,000+ innovators, across the globe, is differentiated by the imagination, knowledge andexperience, across industries and technologies that we bring to every project we undertake.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.
About IEDC: The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.