IBJNews

Geico service center to create up to 1,200 jobs in Carmel

Back to TopCommentsE-mailPrintBookmark and Share

Consumer insurance giant Geico plans to create a customer service center in Carmel that will bring up to 1,200 jobs to the city.

Gov. Mike Pence and Geico Chairman Tony Nicely announced the plans at a press conference Monday at 101 W. 103rd St., the site of the planned center. Geico will lease 109,000 square feet of space in a 320,000-square-foot building that is part of the Carmel campus for Technicolor USA Inc.

The new office, which is expected to open by late April, will house insurance agents, training and supervisory teams, and other management and support staff. The Washington, D.C.-based auto insurer, which currently employs about 27,000 associates across the country, plans to begin hiring immediately, according to the Indiana Econopmic Development Corp.

IBJ first reported details of the deal on Monday morning.

"We chose central Indiana because we know there is a talented and well educated workforce in this area, and we want to offer people long-term career opportunities as we continue to expand," Nicely said in prepared comments.

The company will invest millions of dollars to lease, renovate and equip the center, according to the IEDC. A more specific figure was not immediately available.

Geico is a wholly owned subsidiary of Omaha, Neb.-based Berkshire Hathaway Inc., which ranks seventh on the recent Fortune 500 list of America’s largest companies. Geico is the third-largest private passenger auto insurance company in the United States, serving more than 11 million auto policies and covering more than 18 million vehicles.

The IEDC offered Geico up to $10 million in conditional tax credits and up to $400,000 in training grants based on the company's job creation plans. The tax credits are performance-based, meaning the company must hire workers to be eligible for the incentives.

The announcement comes on the same day that the Indiana Department of Workforce Development reported that the state's unemployment rate rose 0.3 of a percentage point, to 8.6 percent, in January.

With the addition of Geico, the North Meridian Street corridor in Hamilton County is becoming an epicenter for major insurance firms. Public company CNO Financial Group., with a market capitalization of roughly $2.5 billion, is headquartered at 11825 N. Pennsylvania St., a stone’s throw from Meridian Street.

Baldwin & Lyons Inc. announced earlier this month that it would move its headquarters from downtown Indianapolis to 111 Congressional Blvd. in Carmel.

In addition, Liberty Mutual Insurance Co. maintains a significant office presence at 350 E. 96th St.

Story first posted at 11:55 a.m. Updated at 1:30 p.m.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT