Geico, the nation‘s third-largest auto insurance company, says it will lease and renovate 109,000 square feet of space on West 103rd Street and turn it into a service center. The new office is expected to open by late April, and Geico says it will create up to 1,200 jobs at the new facility by 2016.
The service center will house professional insurance agents, their training and supervisory teams and additional management and support staff.
Geico CEO Tony Nicely joined Carmel Mayor Jim Brainard and Governor Pence for the announcement at the office space along the U.S. 31 corridor. Brainard says the corridor is starting to fill-up again, which runs counter to the announcement earlier in the day that Indiana‘s unemployment rate had jumped to 8.6 percent in January.
“We like to think that what we do every day provides a great incentive; a low tax environment, good public schools, good public library, good park system and all the things that make people want to locate here, and a very low tax environment,” he says.
Nicely says the insurer began taking applications for the positions today, and expects to begin hiring soon. The Indiana Economic Development Corporation offered Geico up to $10 million in tax credits and $400,000 in training grants, though it emphasizes that money is conditional upon Geico creating the jobs the company has promised.