Allegion Plc, parent of Schlage Lock Co. LLC, plans to spend $13 million to expand Schlage’s manufacturing and engineering operations in the Indianapolis area, creating up to 325 “high-wage” jobs by the end of 2026, the company announced Monday.
Dublin, Ireland-based Allegion said the expansion will not only enhance manufacturing and engineering capabilities in the state, but also expand its information technology and innovation expertise.
Pending approval from its board of directors, the Indiana Economic Development Corp. said it has committed to giving Allegion up to $7.5 million in conditional tax credits and $100,000 in training grants, based on the job-creation plans. The incentives won’t be paid if Allegion doesn’t fulfill the job commitments.
Allegion operates multiple facilities in the Indianapolis area, including its Americas Regional headquarters at 11819 N. Pennsylvania St. in Carmel and its Hague Road Technical Center, 8750 Hague Road, in Indianapolis. Its local manufacturing and distribution facilities are off Tobey Drive, on the east side of Indianapolis, near interstates 465 and 70.
The company employs about 1,300 people in central Indiana and more than 11,000 in North America, Europe and the Asia Pacific.
Allegion said it has already begun hiring for a variety of positions.
Allegion, which had $2.7 billion in revenue in 2020, was founded in 2013 when Ingersoll Rand spun off its security operations. Allegion shares trade on the S&P 500.